European CDSs continue to climb

Five-year senior credit default swap (CDS) spreads referencing HBOS widened to 120 basis points at 10:00 GMT this morning, up from 114.7bp at the close of trading yesterday, according to credit information specialist CMA DataVision. The UK bank is still set to be taken over by Lloyds TSB despite the attempts of two former bank chiefs to be appointed heads of the firm and veto the deal. Lloyds TSB saw its spreads broaden to 80bp from 72.5bp.

CDSs on HSBC expanded to 103.3bp from 95.2bp, despi

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