LONDON (Reuters) - The cost of insuring exposure to Credit Suisse (SIX:CSGN) debt rose on Friday by 24 basis points (bps) from Thursday's close to 320 bps, data from S&P Global (NYSE:SPGI) Market Intelligence showed.
The five-year credit default swaps (CDS) had risen early on Thursday after the Swiss lender reported its worst annual loss since the 2008 global financial crisis, before falling back later that day.