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Moody's downgrades 15 major banks

Jun 22, 2012
The credit rating agency Moody's slashed the ratings of 15 of the world's biggest financial institutions, including Citigroup and Bank of America here in the U.S. and Barclays and Credit Suisse in Europe.
Posted In: banking, Moody's, downgrade

Moody's cuts ratings of major international banks

Jun 22, 2012
Moody's has downgraded the credit ratings of 15 banks in Europe and North America -- that continues to rattle markets in Asia and Europe today so far.
Posted In: Moody's, downgrade, banking

Moody's downgrades: European or global problem?

Jun 22, 2012
Global markets are down about a percent this morning after the rating agency Moody's downgraded the credit ratings of 15 of the largest banks in the world. Among them, European institutions -- but also big American banks like JP Morgan Chase and Bank of America.
Posted In: JP Morgan, banking, Moody's, downgrades

After Moody's downgrade, will banks need bailouts?

Jun 22, 2012
After U.S. markets closed yesterday, the rating agency Moody's delivered more bad news -- this time to 15 of the world's largest banks, including the biggest American banks. The fine print of the downgrade hints at more bank bailouts down the road.
Posted In: Moody's, banking, bailout

Moody's downgrade 'for the banks' own good'

Jun 22, 2012
The credit rating agency Moody's slashed the ratings of 15 of the world's biggest banks, including most of the big guys here in the U.S.
Posted In: markets, banking, downgrades

Spain in trouble as borrowing costs rise over 7%

Jun 19, 2012
If yesterday was all about Greece, today belongs to Spain. Concern about Spanish banks has pushed the government's borrowing costs over 7 percent. That's a level that pushed other smaller European countries -- like Greece -- over the edge.
Posted In: spain, banking, bankia, bailout

Investing in sustainability: Banks get a green thumb

Jun 14, 2012
This week, Bank of America became the latest bank to make a sustainability pledge. The New York Times suggests this a way for Wall Street to restore its image. But, instead, could it just be a savvy investment strategy?
Posted In: banking, sustainability, corporate responsibility

How a CEO prepares for Senate testimony

Jun 13, 2012
The CEO of JPMorgan has been summoned to Capitol Hill today. According to his prepared remarks, Dimon will apologize, saying he feels "terrible" about the $2 billion blunder.
Posted In: JPMorgan, banking, Jamie Dimon

Banks warm to short sales for strapped homeowners

May 31, 2012
Pre-foreclosure sales are offering more relief in the tough housing market.
Posted In: Housing, foreclosures, banking

Why disclosure wasn't enough to stop JPMorgan losses

May 22, 2012
After the financial crisis of 2008, regulators focused on the idea of disclosure to prevent further problems in the financial industry. But what happens when the bank itself doesn't know how bad things are?
Posted In: banking, financial crisis, JPMorgan, Jamie Dimon

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