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Moody's Investor Service warns of a possible downgrade to the credit ratings of 17 global banks...

Moody's Investor Service warns of a possible downgrade to the credit ratings of 17 global banks and securities firms due to funding issues, regulatory burdens and a more difficult operating environment. U.S. banks under review include: Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan Chase (JPM), Morgan Stanley (MS) and Royal Bank of Canada (RY).
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Comments (9)
  • Venerability
    , contributor
    Comments (3048) | Send Message
     
    With this latest group of downgrades, Moody's remains positive on only five countries and their banks: Palau, Brunei, San Marino, Bahamas, and Brobdingnag.
    15 Feb 2012, 08:16 PM Reply Like
  • Golden Oxen
    , contributor
    Comments (667) | Send Message
     
    Burundi, Haiti, and Chad placed on watch list for possible upgrade. Rwanda could be placed on this list if the Duke of Earl wins the election next month. It will become a Dukedom and in "His Happiness They Will Share".
    15 Feb 2012, 08:46 PM Reply Like
  • Golden Oxen
    , contributor
    Comments (667) | Send Message
     
    Fitch says it is not going along just yet, wants to see more data first.
    15 Feb 2012, 09:01 PM Reply Like
  • 1980XLS-2.0
    , contributor
    Comments (525) | Send Message
     
    Really?

     

    Who cares what they think
    15 Feb 2012, 08:19 PM Reply Like
  • msphar
    , contributor
    Comments (170) | Send Message
     
    This must have been leaked at 1545 judging by the BAC chart. What an end of day knifing that stock took.
    15 Feb 2012, 08:25 PM Reply Like
  • Power Hedge
    , contributor
    Comments (995) | Send Message
     
    Since when is Royal Bank of Canada a U.S. bank?!
    15 Feb 2012, 08:52 PM Reply Like
  • Golden Oxen
    , contributor
    Comments (667) | Send Message
     
    Our boy at the Fed thinks every bank is a US Bank.
    15 Feb 2012, 09:02 PM Reply Like
  • happyshorter
    , contributor
    Comments (1031) | Send Message
     
    @ Power Hedge:
    The Royal Bank has made a terrible mistake a few years ago, to try to enter the banks sector in the US. It might not be officially a U.S. Bank.
    TD Bank is also a lot in the US, but not in the same risky situation.
    ==================
    Who cares about Moodie's opinion?

     

    I do!
    It might not change much for investors, and the value of the shares, but I am just happy that analysts hit other analysts.

     

    All those agencies have done harm enough in Europe, it is just right that they downgrade those who wanted to profit from the distress of those countries, like they exploited the people who were loosing their homes in the US.
    15 Feb 2012, 09:07 PM Reply Like
  • airlolo
    , contributor
    Comment (1) | Send Message
     
    Who cares what Moody, Fitch and S&P think? All had been charged by SEC for securities fraud!
    16 Feb 2012, 01:29 PM Reply Like
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