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IPFS News Link • Economy - International

European Bank Credit Default Swaps Go Vertical

05-06-2010 • Businessinsider.com/

Major European banks are feeling the pressure from the Greek crisis and starting to show significant signs of market worry in their CDS. BNP Paribas, which has seen its CDS dramatically rise throughout April, announced $6.4 billion in exposure to the Greek market this morning.

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