Moody's downgrades 12 U.K. financial institutions, citing the lowering or removal of government...

|By:, SA News Editor

Moody's downgrades 12 U.K. financial institutions, citing the lowering or removal of government support. The agency cuts Lloyds TSB (LYG -3.9%) and Santander U.K. (STD) by a notch, and RBS (RBS -3.4%) by two notches. There is no change for Barclays (BCS -1.7%) and HSBC (HBC -0.1%). (PR)