Moody's is assigning a negative outlook to Bank of New York (BNY) and JPMorgan Chase's (JPM)...


Moody's is assigning a negative outlook to Bank of New York (BNY) and JPMorgan Chase's (JPM) debt, suggesting a higher likelihood of a ratings cut in the next 12-18 months. Moody's is concerned about the impact of a downgrade of Treasurys, and the potential for diminished government support thanks to Dodd-Frank.
From other sites
Comments (1)
  • traceowilliams
    , contributor
    Comments (2) | Send Message
     
    Moody's is concerned that if they downgrade the US, they may have to downgrade BNY and JPM.....what a bunch of f%$&n criminals. How the rating agencies haven't been dismantled already is beyond me. They need to be held accountable.
    3 Aug 2011, 03:03 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs