Citi CDS blows wide on restructuring plans

Citigroup's credit default swap five-year senior mid level was at 370.1 minutes ago, marking a near 50% weakening from yesterday's New York close, when the paper was quoted by CMA DataVision at 262.9.

The company announced this morning that it plans to break up the bank into separated divisions which will see the creation of a non-core unit that will isolate unwanted assets and businesses from global commercial banking operations.

By comparison, Morgan Stanley's five-year senior mid level CDS was quoted at 387.9 at yesterday's close, while UBS was at 220.7 and Goldman Sachs at 289.7.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here