Moody, Wells Fargo
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Moody's Ratings on Monday downgraded the deposit ratings at some units of megabanks JPMorgan Chase (NYSE:JPM), Wells Fargo (NYSE:WFC) and Bank of America (NYSE:BAC), owing to the bond grader's recent cut to the U.
Moody's has downgraded deposit ratings of top US lenders JPMorgan Chase, Bank of America and Wells Fargo just days after stripping the nation of its triple-A rating.
Moody’s Ratings on Monday downgraded the long-term ratings of several of America’s largest banks, including JPMorgan Chase & Co (NYSE:JPM), Bank of America Corp (NYSE:BAC), and Wells Fargo & Company (NYSE:WFC),
The municipal bond market Monday shrugged off Moody's Investors Service's late-Friday downgrade of the U.S. sovereign rating but investors warned the downgrade adds a future pain point for municipal credits along with higher rates and a large tax and spending bill winding its way through Congress.
The Manila Times on MSN1d
Moody's downgrades top US lendersMOODY'S on Monday downgraded the long-term ratings of top American lenders such as JP Morgan Chase, Bank of America (BofA) and Wells Fargo after pushing the United States out of top triple-A rating club over its burgeoning $36-trillion debt.
Long-term US borrowing costs surged to their highest level since late 2023 on Monday, as a fresh downgrade of the country’s credit rating and new fiscal legislation pushed bond markets into retreat and revived investor concerns over the sustainability of American debt, the Financial Times reported.
Moody’s decision to lower the rating on ... global fixed-income strategist at Wells Fargo Investment Institute, in a phone interview Monday. But while “knee-jerk” reactions pushed Treasury ...
Move due to mounting concern over American debt rather than tariffs. Read more at straitstimes.com. Read more at straitstimes.com.