Moody’s Downgrades Three US Banking Giants

Rating agency Moody’s Investors Service downgraded the long-term credit ratings of Wells Fargo & Co. and Bank of America Corp., as well as the short-term credit rating of Citigroup Inc. on Wednesday.
Moody’s Downgrades Three US Banking Giants
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<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/Banks_Combined.jpg" alt="Wells Fargo & Co. and Bank of America Corp. were downgraded in long-term credit ratings as well as the short-term credit rating of Citigroup Inc. on Wednesday by rating agency Moody's Investors Service. All three banks are among the top five U.S. banks measured by assets. (Justin Sullivan/Getty Images)" title="Wells Fargo & Co. and Bank of America Corp. were downgraded in long-term credit ratings as well as the short-term credit rating of Citigroup Inc. on Wednesday by rating agency Moody's Investors Service. All three banks are among the top five U.S. banks measured by assets. (Justin Sullivan/Getty Images)" width="575" class="size-medium wp-image-1797402"/></a>
Wells Fargo & Co. and Bank of America Corp. were downgraded in long-term credit ratings as well as the short-term credit rating of Citigroup Inc. on Wednesday by rating agency Moody's Investors Service. All three banks are among the top five U.S. banks measured by assets. (Justin Sullivan/Getty Images)
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