2:38 p.m. ET: Credit-default swaps on Bank of America Corp. (BAC), the nation's biggest bank by assets, soared to the highest since May 2009, while contracts tied to Morgan Stanley debt increased the most since May 2010. Swaps on insurers Hartford Financial Services Group Inc., MetLife Inc. and Prudential Financial Inc. rose, while a benchmark gauge of corporate credit risk climbed to the highest since September 2010. (Bloomberg)