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.

#Lenders concerned about a borrower's default often use a #CDS to hedge that risk. 

#UBS's five-year #CDS reportedly jumped up 14 bps on March 24 to close to 130 bpstroubled competitor #Credit Suisse for $3.25 billion as part of an “emergency ordinance” to prevent #financial market instability in the region. 

#UBS's five-year #CDS reportedly jumped up 14 bps on March 24 to close to 130 bps, just a few days after the company acquired troubled competitor #Credit Suisse for $3.25 billion as part of an “emergency ordinance” to prevent #financial market instability in the region. 

#Lenders concerned about a borrower's default often use a #CDS to hedge that risk. 

On March 23, the #bank's #CDS #rose to 173 bps from 142 #bps the previous day.

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. 

Vinyl outsells #CDs for the first time #since 1987 in the UK

Vinyl outsells #CDs for the first time #since 1987 in the UK