Moody’s Downgrades Major Banks

Revolución 6:5,6 NCV Cuando el Cordero abrió el tercer sello, Oí al tercer ser viviente que decía:, "Venir!" Miré, y he aquí un caballo negro, y su jinete llevaba una balanza en la mano. Entonces oí algo que sonaba como una voz que viene desde el medio de los cuatro seres vivientes. La voz dijo:, "Un litro de trigo por un día de salario, y seis libras de cebada por un día de salario, y no dañes el aceite de oliva y el vino!"

"... La manipulación de fondos y bienes es que pronto se reveló como el principal método de control impuesto a la sociedad por el Anticristo."

-Jim Bakker en "la prosperidad y el apocalipsis"

Moody’s marked down several major banks including Citigroup and Bank of America in the United States and Royal Bank of Scotland, Barclays and HSBC in the United Kingdom. Lloyds of London also had their ratings cut.

In addition to Citigroup and Bank of America, Morgan Stanley, JP Morgan Chase and Goldman Sachs were issued downgrades.

JP Morgan Chase, despite a two notch downgrade, is still the highest rated bank with an A2 rating.

The cost to the banks of the downgrades could run into the billions. Morgan Stanley estimated the downgrade could cost the bank nearly $6.7 billion in one-time collateral and termination payments. Goldman Sachs estimates a $2.2 billion loss. Bank of America said they could suffer a $2.7 billion dollar hit.

The cost to the banks could be higher in the long term because investment partners might seek out higher rated banks for their investments.

 

Un pensamiento en "Moody’s Downgrades Major Banks

  1. What happens to people who have a mortgage with any of these banks? Are local credit unions a safer bet for elder person’s CDs?

Deja un comentario