Moody's Downgrades JPM, BofA and Wells Fargo After US Credit Rating Cut

Moody's downgrades JPM, Bank of America and Wells Fargo following US credit rating cut

On Monday, Moody’s Ratings downgraded the long-term ratings of several of the largest banks in the United States, including JPMorgan Chase & Co (NYSE:JPM), Bank of America Corp (NYSE:BAC), and Wells Fargo & Company (NYSE:WFC). This decision was driven by the weakened prospects of federal support following the downgrade of the U.S. sovereign rating announced […]

Moody's downgrades JPM, BofA and Wells Fargo after US credit rating cut

Moody’s downgrades JPMorgan, BofA, Wells Fargo after U.S. credit cut | Honolulu Star-Advertiser

Moody’s today downgraded the long-term ratings of top American lenders such as JPMorgan Chase, Bank of America and Wells Fargo, after pushing the U.S. out of the top triple-A rating club over its burgeoning $36 trillion debt.

Moody’s Cuts Ratings on Major Banks After Downgrading US

Moody’s Ratings cut its ratings for deposits at Bank of America Corp., JPMorgan Chase & Co., and Wells Fargo & Co., citing last week’s downgrade of the US and the government’s weakened ability to support them.

How J.P. Morgan and BofA Are Cashing In on China

Charles Gasparino, New York Post The banks are planning to remain on the underwriting team, setting up a nasty confrontation with the committee as CATL begins to sell stock to the public.

News Release: House Votes to Remove Guardrails Against Megabank Consolidation - Americans for Financial Reform

Today, the House voted to rubber stamp bank mergers and accelerate the consolidation of the banking industry, harming depositors, small businesses, and communities. The vote is a giant gift to Wall Street banks and corporate monopolists. The repeal of this rule further threatens the stability of our banking and financial system and leaves families, communities, small businesses, and consumers more vulnerable to increased costs to access banking …