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Keyword: bankdowngrades

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  • Stocks fall off a cliff as Moody's downgrades 15 international banks

    06/22/2012 6:37:17 AM PDT · by SeekAndFind · 13 replies
    American Thinker ^ | 06/22/2012 | Rick Moran
    Moody's Investor Service cut the credit rating of the 6 largest US banks with international arms. In anticipation of this, and on general economic jitters, stocks tanked 251 points in the second worst day of trading this year. The downgrade of US banks reflects growing concern about the global economy and the exposore of US companies to the european debt crisis. Wall Street Journal: The Moody's Corp. unit reduced Morgan Stanley's rating to Baa1, which is three notches above the junk, or noninvestment grade, status that many bond buyers avoid. The move stands to add to the company's borrowing costs...
  • 15 Major Investment Banks See Ratings Cut by Moody's

    06/21/2012 6:13:11 PM PDT · by Aquamarine · 6 replies
    cnbc.com ^ | Thursday, 21 Jun 2012 | Mary Thompson, Margaret Popper
    Moody’s Investors Service downgraded the debt ratings of 15 major international banks and securities firms on Thursday, a move that could cost the banks billions of dollars in extra collateral. U.S banks that were downgraded included: ......
  • REPORT: MASSIVE MOODY'S BANK DOWNGRADES TO HIT IN A FEW MINUTES

    06/21/2012 1:32:22 PM PDT · by SeekAndFind · 44 replies
    Business Insider ^ | 06/21/2012 | Eric Platt
    Moody's Ratings is set to downgrade the world's largest banks at 4 p.m., according to new reports out of CNBC. The network says sources tell it Citi, J.P. Morgan Chase, and Goldman Sachs will be hit with two notch downgrades. Bank of America is expected to be cut one notch by Moody's. Morgan Stanley, which is also on the list of banks Moody's said it would take action against, is said to be downgraded as well. Nine European banks are expected to be included in the downgrade, which earlier reports noted would include Barclay's, UBS, HSBC, Lloyd's, and RBS.
  • Moody's Warns 17 Banks of Downgrade — Credit Suisse, UBS And Morgan Stanley Could Fall 3 Levels

    02/16/2012 9:04:45 AM PST · by SeekAndFind · 5 replies
    Business Insider ^ | 02/16/2012 | Sam Ro
    Moody's announced that it may soon downgrade the long-term credit ratings of 17 of the largest banks in the world. "Capital markets firms are confronting evolving challenges, such as more fragile funding conditions, wider credit spreads, increased regulatory burdens and more difficult operating conditions," wrote the credit ratings agency in a statement. "These difficulties, together with inherent vulnerabilities such as confidence-sensitivity, interconnectedness, and opacity of risk, have diminished the longer term profitability and growth prospects of these firms." Credit Suisse, Morgan Stanley and UBS could be downgraded by up to three notches. Barclays, BNP Paribas, Citigroup, Credit Agricole, Deutsche Bank,...
  • BANK DOWNGRADE RAMPAGE: Goldman, BOA, Morgan, Wells Fargo, And Citigroup Just Got Cut By S&P

    11/29/2011 2:13:06 PM PST · by blam · 5 replies
    TBI ^ | 11-29-2011 | Simone Foxman
    BANK DOWNGRADE RAMPAGE: Goldman, Bank Of America, Morgan Stanley, Wells Fargo, And Citigroup Just Got Cut By S&P Simone Foxman Nov. 29, 2011, 4:48 PM Standard & Poor's ratings service just cut the ratings of Goldman Sachs, Bank of America, Morgan Stanley and Citigroup from A to A-, according to Bloomberg. Wells Fargo was also cut from AA- to A+. The agency gave both Wells Fargo and Goldman Sachs have a negative outlook. Those cuts were part of more than 37 ratings reviewed by the agency. Bloomberg says those are dependent upon "criteria change[s]" that were published on November 9....
  • S&P downgrades 37 global banks

    11/29/2011 2:21:33 PM PST · by Typical_Whitey · 42 replies
    fxstreet.com ^ | 11/29/11 | FXstreet
    FXstreet.com (Barcelona) - S&P rating agency has just downgraded 37 global banks. Goldman, BofA, Citigroup, Morgan Stanley, BNY Mellon are amongst the cuts based on a new methodology. Japanese and UK banks cut or outlook lowered as well.