June 22, 2012

Moody's Downgrades Global Banks

What does this mean? Is this a real downgrade or an option to help banks try to find yield in the derivative markets?


Sent to you by Billy via Google Reader:


via Wall Street Journal on 6/22/12

Moody's dealt a fresh blow to the financial sector, downgrading more than a dozen global banks to reflect declining profitability.


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