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By Marlene Y. Satter, AdvisorOne, Joyce Hanson, AdvisorOne |
June 22, 2012
Fifteen banks in the U.S., U.K. and Europe with global capital markets operations saw their ratings cut by Moody’s, some by as many as three notches.
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By Marlene Y. Satter, AdvisorOne |
October 7, 2011
Moody's on Friday downgraded a dozen U.K. banks, including Lloyds TSB Bank, a unit of Lloyds Banking Group, and Royal Bank of Scotland, saying that there was increasing likelihood that smaller banks would be allowed to fail if troubles worsened.