Risk perceptions of Allied Irish Bank rise over weekend
Credit default swaps on the troubled Irish bank widen by four percentage points
Credit default swaps (CDS) on Allied Irish Bank (AIB) rose sharply over the weekend, from 21% up front at 1.00pm on Friday to 25% at 1.00 pm today, according to data provider Markit.
The Danish lender Danske Bank said this morning it was not interested in bidding for Allied Irish Banks' First Trust retail business in Northern Ireland. The Sunday Times had reported on Sunday that Danske's Northern Irish unit, Northern Bank, was considered one of the few bidders interested in AIB's Northern
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