CDSs widen on Spanish banks

ING's Amsterdam-based insurance arm ING Verzekeringen was the biggest percentage mover. Five-year senior credit default swap (CDS) spreads referencing the firm were at 156 basis points at midday London time, in from 182.5bp at the close of New York trading on January 16, according to data from credit information specialist CMA DataVision.Spreads on Australian retail group Wesfarmers, the country's largest private employer, tightened to 549bp, in from 599.8bp, amid reports that it is nearing

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