CDSs tighten on US and European banks

Five-year senior credit default swap (CDS) spreads referencing troubled Anglo Irish Bank, which had its Dublin headquarters raided by fraud investigators yesterday morning, tightened to 861.2 basis points at midday London time today from 935.7bp at the close of New York trading yesterday, according to data from credit information specialist CMA Datavision.

Elsewhere, spreads on French bank Société Générale - which reported a fourth-quarter profit of €87 million last week - moved in to 134.1bp

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

Register

Want to know what’s included in our free registration? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here