Bank CDS spreads are surging again following Wells Fargo (WFC -7.6%) and Citigroup's (C -1.2%)...

|About: Wells Fargo & Co. (WFC)|By:, SA News Editor

Bank CDS spreads are surging again following Wells Fargo (WFC -7.6%) and Citigroup's (C -1.2%) Q3 reports. Goldman Sachs' (GS) spreads are up 22bps; Morgan Stanley's (MS) are up 21bps, and Bank of America's (BAC) are up 18.5bps. No word on the additional gains booked by Citi from having bought CDS on its own debt.