Thursday, June 21, 2012

Moody's downgrades ratings of major U.S. banks on Europe worries




Los Angeles Times
Breaking news

Moody's downgrades ratings of major U.S. banks on Europe worries

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.

For the latest information go to www.latimes.com.

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