Morgan Stanley's share price recovered somewhat after fears about the bank's exposure to Europe unnerved investors. Credit-default swap spreads for Morgan Stanley jumped.

在对银行受到焦虑的欧洲投资者冲击的恐惧过后，摩根股价出现小幅回升。摩根信贷违约掉期息差飙升。

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In line with the cash share price tumble the Credit Default Swap on BP broke higher by 20 basis points 10 trade at 103bps over 3 month LIBOR.

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The most sweeping intervention of all came from Ireland's government, where concerns about spiking credit-default swap (CDS) spreads, falling share prices and jittery depositors led the finance minister to announce, on September 30th, a blanket guarantee on the deposits and almost all the debts of the country's six biggest banks until September 2010.

ECONOMIST: Global banks