Similar Stories to What’s Really Behind Small Banks’ Struggles? on Bing News

James Surowiecki, Fast Company
Wed, 08/23/2023 - 6:30am

The latest S&P credit rating downgrades for several small and midsize banks show how the fundamental business of banking has become tougher. Ratings agency S&P Global downgraded five U.S. regional banks (including KeyCorp, which is the 20th largest U.S. bank) on Monday, and put two others on notice for a potential downgrade.

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BING NEWS:
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  • Are Banks Open Today? Here's a List of U.S. Bank Holidays for 2024 and 2025
    Banks and credit unions often close on holidays in the Federal Reserve System's holiday schedule. Find out if your bank or credit union is open today.
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