European bank spreads decline amid talk of recapitalisation plans

loan-euro-borrow

The cost of credit default swap (CDS) protection on European financial institutions declined today, as plans to inject fresh capital into the continent's banks took shape.

French president Nicolas Sarkozy and German chancellor Angela Merkel yesterday vowed to develop a recapitalisation plan by the end of the month in an attempt to armour-plate Europe's financial sector against further eurozone sovereign debt concerns.

The two leaders gave no detail on how the recapitalisation plan would work, bu

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 indvidual account here: