Moodys downgrades JPM, BofA and Wells Fargo
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An economist explains why the recent credit rating downgrades for major U.S. banks might not carry a big impact.
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 ...
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Under30CEO on MSNMoody’s downgrade triggers U.S. stock sell-offU.S. stock futures fell on Monday after Moody’s downgraded the nation’s credit rating. The move reflects growing concerns about the country’s fiscal health and the potential impact of proposed tax cuts.