Five-year senior credit default swap (CDS) spreads referencing Citi -which will have to raise a further $5.5 billion in capital, according to the results - pushed out from yesterday's close of 349bp to 370.7bp as of 3:35pm BST, according to data provided by credit information specialist CMA Datavision.
Bank of America - which will require an additional $33.9 billion - saw its CDSs widen to 191.6bp from 177.6bp. CDSs on Wells Fargo - which needs $13.7 billion - moved out from 136.8bp to 145.2bp. S
The week on Risk.net, February 10-16, 2018Receive this by email