CDSs on Irish banks widen further

As of 12.45 GMT, five-year senior credit default swap (CDS) spreads on Bank of Ireland had widened from 420.3 basis points to 504.5bp, and Allied Irish Bank CDSs had gone from 384.5bp to 439.2bp, according to data from credit information specialist CMA Datavision.

Banks with exposure to Eastern European subsidiaries - which may receive ratings downgrades due to deteriorating economic prospects in the region - also continued to see their spreads widen today. CDSs referencing German banking giant D

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