LONDON (Reuters) - The cost of insuring exposure to Credit Suisse (SIX:CSGN) debt rose on Thursday after the Swiss lender reported its worst annual loss since the 2008 global financial crisis after rattled clients fled in droves.
Five-year credit default swaps (CDS) rose 4 basis points (bps) from Wednesday's close to 295 bps, data from S&P Global (NYSE:SPGI) Market Intelligence.