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Moody's lowers ratings on 15 global financial firms
Moody's Investors Service downgraded the ratings late Thursday of 15 financial firms with global capital-markets operations from one to three notches.
Among those affected were Bank of America Corp., Barclays PLC, Citigroup Inc., Credit Suisse Group AG, Goldman Sachs Group Inc., HSBC Holdings PLC , J.P. Morgan Chase & Co., Morgan Stanley, Royal Bank of Scotland Group PLC, Credit Agricole SA, BNP Paribas, Deutsche Bank AG, Royal Bank of Canada, Societe Generale and UBS AG.
CRA's a waste of space and not really helping the situation now.
Categories: Why it's all gone horribly wrong?
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