Moody's Cuts Bofa, Wells Fargo And Citigroup Credit Ratings

Moody's cites 'a decrease in the probability that the U.S. government would support' the three major banks in future financial crises as the reason for its credit downgrades.Moody's Investors Service has cut the credit ratings of three major U.S. banks, saying that Washington is less likely to bail out big U.S.

Topics:  moody's investors service   washington   wall   street   u.s    credit ratings   financial   banks   major   
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