S&P Downgrades Major European Banks Due To Uncertain Markets
Standard & Poor's announced Tuesday it is cutting the credit ratings of three major European banks: Credit Suisse Group AG (NYSE:CS), Barclays PLC (NYSE:BCS) (LON:BARC) and Deutsche Bank AG (NYSE:DB) (ETR:DBK).
Bank Ratings Downgraded
The ratings agency downgraded all three banks to A from A+, citing greater regulation and uncertain market conditions.
In a statement, S&P 500 (INDEXSP:.INX) said the ratings action was due . . .
![]() SORRY! This content is exclusively for paying members. If you are subscribed and having an account error please clear cache and cookies if that does not work email support@valuewalk.com or click Chat.
|