US CDS spreads soar, eurozone banks trade wider

Five-year senior credit default swap (CDS) spreads referencing the Royal Bank of Scotland widened to 151.9 basis points at 10:00am London time from 145.7bp at the close of trading yesterday. The bank's shareholders will vote later today on whether to accept £20 billion of capital as part of the UK Treasury's industry bail-out.

Spreads on HSBC, which cut a further 500 jobs in its Asian operations this week, widened to 114.9bp from 110bp. The cost of protection on Lloyds TSB - which received invest

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