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

|By:, SA News Editor

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.