Moody’s Bank Downgrade Warnings Look Very Staged (CS, MS, UBS, BCS, DB, GS, HBC, BAC, NMR, FAS)
If you think ratings agencies do not quite matter any longer, today may be a reminder that they can still create at least some nervousness even if they are just late to the party. Moody’s has a downgrade warning on 17 banking and investment banking outfits. While this is a ‘warning’ rather than a downgrade, [...]
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