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Moody's cuts credit ratings of ten US
banks and warns six more could face a
similar fate - but firm insists 'US banking
system is Not broken'

Original Article

Posted By: Imright, 8/8/2023 9:13:43 PM

Ten regional banks have had their credit ratings slashed by risk assessment firm Moody's - which warned it was considering downgrading another six. Major lenders Bank of New York Mellon, U.S. Bancorp, State Street and Truist Financial, Cullen/Frost Bankers and Northern Trust are now under review, and the agency also assigned a negative outlook to 11 further banks, including major institutions Capital One and Citizens Financial. Bank stocks fell this morning following the announcement, which renewed fears about the health of the US banking sector amid increased interest rates and recent failures.

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Reply 1 - Posted by: thefield 8/8/2023 11:41:38 PM (No. 1530713)
The banks, ehhh! But the news couple of weeks ago the USA was down rated even a little is how bad the sniffer is.
1 person likes this.

Reply 2 - Posted by: Lawsy0 8/9/2023 1:15:49 AM (No. 1530741)
Is this more scare porn? Like covid, bioweaponry and war threats, inject hate and fear into every aspect of our lives? We have “... food to eat that you know nothing about.”
1 person likes this.

Reply 3 - Posted by: Trigger2 8/9/2023 5:01:56 AM (No. 1530796)
Don't believe the hype. Joey is taking down the banking industry because he won't need them when he finally unfolds his new money switch to everybody uses fake money controlled by himself.
1 person likes this.

Reply 4 - Posted by: LC Chihuahua 8/9/2023 9:59:38 AM (No. 1530978)
It only gets worse folks. We don't have a banking problem. We have a governing problem.
2 people like this.

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