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21
Sep

Moody’s Downgrades BofA, Wells Fargo and Citi Debt Ratings

Posted by Susan Mitchell (0) Comment

Moody’s Investors Service lowered the debt ratings for Bank of America Corp., Wells Fargo & Co. and Citigroup Inc., saying it is now less likely that the U.S. government would step in and prevent the lenders from failing in a crisis.

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Category : Banking News | Blog
25
May

Mortgages And Loans Costs Could Rise As Banks Face Possible Credit Ratings Downgrading

Posted by Susan Mitchell (0) Comment

The cost of borrowing is at risk of rising after more than a dozen banks and building societies were told their credit ratings could be downgraded after the Government refused to guarantee their survival.

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Category : Banking News | Economy News | Blog