Major Banks, Ratings Downgrade: A House of Cards?
By: Myles, June 2nd, 2011
According to Moody’s, all may not be rosy with several of the largest of the Too-Big-To-Fail (TBTF) banks. More specifically, Moody’s Investors Service has just placed the deposit, senior debt, and senior subordinated debt ratings of Bank of America Corporation (A2 senior), Citigroup Inc. (A3 senior), Wells Fargo & Company (A1 senior), and their subsidiaries […]
Tags: Bank Ratings, Moodys, Sizeable Residential Mortgage Exposure
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