Tag: SPDR S&P Bank ETF
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Moody’s downgraded outlook for US banking system to negative, citing ‘rapidly deteriorating business environment’
Liu Guanguan | Chinese news service | Getty Images In a harsh blow to an already shaky industry, Moody’s Investors Service on Monday downgraded its view on the entire banking system from negative to stable. The company, part of the three major rating agencies, said it made the move in light of major bank failures […]