Royal Bank of Scotland
Banker-Founded Moody’s Downgrades 12 British Banks
AFP October 7, 2011 Moody’s on Friday downgraded its credit ratings for a dozen British lenders, including state-rescued Royal Bank of Scotland and Lloyds TSB, due to the removal and curtailment of government financial support. Moody’s said it chose to downgrade five large banks and seven small ones as government action had “significantly reduced the Read full article...






