Rumours drive Société Générale CDS wider for second straight day

Societe Generale building

After being throttled by eurozone debt crisis fears yesterday, Société Générale (SG) has found itself in an even tighter stranglehold today - risk perceptions of the bank have risen again, and its stock continues to fall on equity markets.

Having started yesterday at 274 basis points, five-year credit default swap (CDS) spreads on SG had shot up to 334bp by the end of trading. The firm's pain has continued today. By 12.15pm UK time today, the bid price for SG CDS had jumped to 358bp, with the

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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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: