Credit spreads for European financial debt protection widen

Deutsche Bank was hit harder. Five-year senior protection on the German bank traded at 48/58bp today, up 8bp on the week. This followed the publication of a Goldman Sachs equity analysis report yesterday that cited concerns about Deutsche Bank’s corporate credit risk. There were also rumours that Deutsche Bank may issue a profits warning, traders said.

Five-year senior protection on Credit Suisse debt was trading at 100bp, up 10bp on the week. The Swiss financial services group issued its fo

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