Moody’s Downgrades 12 U.K. Banks, Trims ‘Too Big To Fail’ Ratings Lift
- Saturday, October 8, 2011, 1:55
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A few weeks ago, ratings agency Moody’s cut certain ratings on Bank of America, Wells Fargo and Citigroup under the premise that Dodd-Frank financial reform legislation makes it less likely the government will bail out such firms as it did in 2008.
http://www.forbes.com/sites/steveschaefer/2011/10/07/moodys-downgrades-12-u-k-banks-trims-too-big-to-fail-ratings-lift/
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