Moody's cuts Wells Fargo's (WFC -0.2%) rating from A1 to A2, expecting - as with Bank of America...

|About: Bank of America Corporation (BAC)|By:, SA News Editor
Moody's cuts Wells Fargo's (WFC -0.2%) rating from A1 to A2, expecting - as with Bank of America (BAC) - less likelihood of government support should things get rough again. "It is also more likely now than during the financial crisis to allow a large bank to fail should it become financially troubled."