UK CDSs still wide

Five-year senior credit default swap (CDS) spreads referencing RBS, which will cut around 3,000 jobs in its investment banking division in the coming weeks, saw its CDS spreads widen to 135.3 basis points at 9:30am London time from 131.2bp at the close of trading yesterday, according to credit information specialist CMA DataVision.

Spreads on HSBC - which is reportedly considering spinning off or selling its troubled US consumer finance business, HSBC Finance - tightened to 107bp from 107.5bp. Th

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