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U.S. Bank Credit Risk Increases as Wells Fargo Revenues Decline

The cost to protect U.S. bank debt climbed after Wells Fargo & Co., the largest home lender, reported a decline in third-quarter revenue.

Credit-default swaps on Wells Fargo, based in San Francisco, added 11.9 basis points to 156.5 basis points, according to data provider CMA. Those tied to Goldman Sachs Group Inc. climbed 30.5 basis points to 368.8. A benchmark gauge of U.S. corporate credit risk rose the most in two weeks after a German government spokesman damped expectations for a swift resolution to the region’s debt crisis.