CDS spreads widen on US banks

Five-year senior credit default swaps (CDS) referencing Citi widened to 386.9 basis points at 1:50pm BST today from 378.9bp at close of trading in New York on Friday, according to credit information specialist CMA Datavision. CDSs on Morgan Stanley moved out to 225.7bp from 218.5bp.

Spreads on Bank of America, which has appointed Gregory Curl, the lead negotiator of its troubled acquisition of Merrill Lynch, as chief risk officer, moved out to 183.2bp from 176.4bp. CDSs on Goldman Sachs widened t

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