Credit ratings for 6 giant banks to be downgraded

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via Dailymail:

Credit agency Moody’s put six banks on watch for a potential downgrade.

First Republic, Zions, Western Alliance, Comerica, UMB Financial and Intrust Financial

are all being reviewed over ‘extremely volatile funding conditions for some US banks exposed to the risk of uninsured deposit outflows.’


“Credit rating agency Moody’s has downgraded its outlook for the entire US banking sector to negative from stable.”


h/t Not Neo

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