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Tuesday, March 14, 2023

Moody’s cuts outlook on U.S. banking system to negative, citing ‘rapidly deteriorating operating environment’

In a harsh blow to an already-reeling sector, Moody’s Investors Service cut its view on the entire banking system to negative from stable. 

The firm, part of the big three rating services, said Monday it was making the move in light of key bank failures that prompted regulators to step in Sunday with a dramatic rescue plan for depositors and other institutions impacted by the crisis.
-WiscoDave
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4 comments:

  1. MatthewMarch 14, 2023 at 12:08 PM

    I wonder if the Brandon administration will go for the record, though it will be hard to beat Barry's 8 year total of almost 500 failed banks.

    ReplyDelete
  2. AnonymousMarch 14, 2023 at 12:32 PM

    I wouldn't lend money to the government, too high risk and i'd be concerned they would use it for criminal purposes.

    Exile1981

    ReplyDelete
  3. AnonymousMarch 14, 2023 at 3:18 PM

    Glen Beck quoted from an article this morning that the Fed is losing Two billion a month. It's coming.
    Jpaul

    ReplyDelete
  4. AnonymousMarch 14, 2023 at 8:11 PM

    Why am I hearing in my head; Little Feat " On Your Way Down".

    ReplyDelete

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