Having already surged on Friday, CDS spreads for U.S. and Euro bank debt are widening again...

|By:, SA News Editor

Having already surged on Friday, CDS spreads for U.S. and Euro bank debt are widening again today, as fears of a Greek default gain steam. SocGen (SCGLY.PK) and BNP Paribas' (BNPQY.PK) spreads are up 16% each; Bank of America's (BAC) is up 6%; Citigroup's (C) is up 7%; and Goldman Sachs' (GS) is up 8%. (previously)