Bail-In Speculation Over Cyprus Sends Bank Default Risk Soaring

Bail-In Speculation Over Cyprus Sends Bank Default Risk Soaring

David Ramos/Bloomberg

Southern European banks bore the brunt of the increase, with swaps on Milan-based UniCredit SpA rising 16 basis points to 340 and Banco Santander SA of Spain adding 11 basis points to 267, according to prices compiled by Bloomberg.