The CDS spread on Bank of America's (BAC) debt rose 9% today, reaching a record high of 400 bp....

|About: Bank of America Corporation (BAC)|By:, SA News Editor

The CDS spread on Bank of America's (BAC) debt rose 9% today, reaching a record high of 400 bp. Other major banks also saw their CDS spreads take off: Morgan Stanley's (MS) increased 10.6% to 397.5 bp; Goldman Sachs' increased 9.4% to 292 bp; and Citigroup's (C) increased 9.6% to 285 bp.