Eurozone and US bank CDS spreads widen

Five-year senior credit default swap (CDS) spreads referencing the Royal Bank of Scotland widened to 140.7 basis points at 10:30am London time today from 136.7bp at the close of trading yesterday, ahead of a shareholder vote on the proposal to raise £20 billion of capital as part of the UK Treasury's industry bail-out.

Spreads on HSBC, which cut a further 500 jobs in its Asian operations yesterday, widened to 109.1bp from 108.7bp. The cost of protection on Lloyds TSB - which is seeking investor

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