Tuesday, November 29, 2011

S&P Downgrades Bank Ratings

The S&P downgraded more than a dozen giant global banks under its new rating policy. The new guidelines sharpen the focus on how banks would hold up under market and economic stress, and on the likelihood of governments providing extraordinary support to troubled institutions. Could this be the beginning to another Bank Panic...?

http://online.wsj.com/article/SB10001424052970204262304577068692845236780.html

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