Friday 22 June 2012

Moody's Cuts Credit Ratings on 15 Major Banks

LOS ANGELES TIMES: Moody's Investors Service has lowered the ratings of some of the world's largest banks, including Bank of America, JPMorgan Chase, Citigroup and Goldman Sachs.

The ratings agency said late Thursday that the banks were downgraded because their long-term prospects for profitability and growth are shrinking. » | Associated Press | Thursday, June 21, 2012

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