Los Angeles Times | June 21, 2012 | 2:26 PM
Moody's Investors Service today downgraded major U.S. banks as part of a review of how Europe's sovereign debt crisis is hurting the financial industry.
Citigroup Inc., JPMorgan Chase & Co. and Goldman Sachs Group Inc. are among the companies whose ratings were cut.
Partly in anticipation of the downgrade, stocks nose-dived earlier on Wall Street, with the Dow sinking 251 points.
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