Citi CDS blows wide on restructuring plans

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.

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