Vote NowLoading ...
Weather WatchPorto Alegre, Brazil57Fmisthumidity: 100%wind: 6mph WNWH 72 • L 3765FTue75FWed84FThu82FFri86FSat
S&P downgrades global banks
by Dunstan Prial Fox Business November 30, 2011 Standard & Poor’s on Tuesday cut its credit ratings for many of the world’s largest banks, including Citigroup (NYSE: C), Goldman Sachs (NYSE: GS) and Bank of America (NYSE: BAC). The move follows S&P’s shift, announced earlier this month, in the methods it uses for rating the banks. Citigroup, Goldman Sachs and Bank of America Corp. each had their long-term credit ...Read full article...