2011-08-26telegraph.co.uk

``Insurance on the debt of several major European banks has now hit historic levels, higher even than those recorded during financial crisis caused by the US financial group's implosion nearly three years ago... "I think we are heading for a market shock in September or October that will match anything we have ever seen before," said a senior credit banker at a major European bank... Despite this, bank shares rebounded on Wednesday, showing the growing disconnect between equity and credit investors. ''



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