Moodys downgrades JPM, BofA and Wells Fargo
Digest more
An economist explains why the recent credit rating downgrades for major U.S. banks might not carry a big impact.
The municipal bond market Monday shrugged off Moody's Investors Service's late-Friday downgrade of the U.S. sovereign rating but investors warned the downgrade adds a future pain point for municipal credits along with higher rates and a large tax and spending bill winding its way through Congress.
Move due to mounting concern over American debt rather than tariffs. Read more at straitstimes.com. Read more at straitstimes.com.
Moody’s decision to lower the rating on ... global fixed-income strategist at Wells Fargo Investment Institute, in a phone interview Monday. But while “knee-jerk” reactions pushed Treasury ...