Fears of an extended foreclosure crisis put sizeable pressure on US bank spreads.

WFC five-year CDS is at 128bps (+10) according to Markit prices, Citi at 175bps (+11), and JPM at 96bps (+7). BAC is up 18bps to 197bps — its widest level since July 2009.

This entry was posted by Tracy Alloway on Thursday, October 14th, 2010 at 17:44 and is filed under Capital markets. Tagged with bank of america, CDS, citigroup, foreclosure scandal, jpmorgan chase, Robo-signing, US banks, wells fargo. Edit this entry.