European banks head into another weekend of uncertainty as default risks surge

by Aurelia Butler 24 March 2023, 19:00 199 Views

Deutsche Bank shares were impacted by an increase in the cost of insuring against its potential default risk. The German bank’s five-year credit default swaps, known as CDS, climbed 19 basis points (bps) from the previous day, closing at 222 bps, according to Reuters, which cited S&P Global Market Intelligence data. On March 23, the bank’s CDS rose to 173 bps from 142 bps the previous day.

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European banks head into another weekend of uncertainty as default risks surge

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