Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Moody's cuts credit ratings of 15 major banks
The Royal Bank of Scotland has complained that Moody's ratings does not recognise the changes they have made to reduce risk.
It is one of 15 major banks, including Bank of America, JPMorgan Chase and Goldman Sachs, that had their credit ratings lowered by the ratings agency on Thursday citing shrinking long-term prospects for profitability and growth.
