Monday, September 12, 2011

($MACRO, $EURUSD) Default Risk on Major French Banks Rises to Records, Swaps Show

Credit-default swaps tied to the senior debt of BNP Paribas SA, Credit Agricole SA and SocieteGenerale SA rose to records, according to CMA. BNP climbed 24 basis points to 299, Credit Agricole was 25 basis points higher at 315 and SocGen was up 26 basis points to416, CMA prices show.

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