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.
Moody's Cuts Bofa, Wells Fargo And Citigroup Credit Ratings
Los Angeles Times - Top News, Los Angeles Times
Wed, 09/21/2011 - 4:58pm
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