The five-year credit default swaps (CDS) dropped by 6 basis
points (bps) to 289 bps from 295 bps earlier on Thursday, data
from S&P Global Market Intelligence showed.
That meant it closed the session below Wednesday's level at
291 bps.
(Reporting by Chiara Elisei, editing by Yoruk Bahceli)
LONDON, Feb 9 (Reuters) - The cost of insuring exposure
to Credit Suisse debt fell at Thursday's close after rising
earlier in the day as the Swiss lender reported its worst annual
loss since the 2008 global financial crisis.
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