The Finance Insider blog

Search This Blog

Blog Archive

The Finance Insider

Sunday, August 25, 2013

Moody's warns of downgrade on major banks.

 Moody's has put Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS) and Wells Fargo (WFC) on review for downgrades as the agency considers reducing its assumption about how much government support they're likely to get. Bank of America (BA) and Citigroup (C) are also on review, but the "direction (is) uncertain," due to their standalone credit strength.

No comments:

Post a Comment