Bank CDSs hit by poor results

Market sentiment towards financials has been varied in the past week as more second-quarter bank results were announced.

Five-year senior credit default swaps (CDS) referencing Lloyds Banking Group moved out from 147.17 basis points at New York close on Friday July 30 to 152.78bp at 3pm BST today according to data from credit information specialist CMA Datavision. On August 5, the bank announced a first-half loss of £4 billion, attributed to bad debts at HBOS.

Swiss bank UBS also recorded a second-quarter loss of $1.32 billion this week. Spreads on the bank moved from 102.50bp to 113.18bp.

Royal Bank of Scotland

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 or view our subscription options here:

You are currently unable to copy this content. Please contact 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 View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a 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