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06/23/2012 03:25 PM ID: 92180 Permalink   

Moody´s Downgrades 15 Global Banks´ Credit Ratings


The U.S. banks Bank of America, Citigroup, Goldman Sachs, Morgan Stanley and JPMorgan Chase were among 15 global banks that saw their credit ratings downgraded by Moody´s Investors Service this week.

The credit ratings agency also cut ratings of Deutsche Bank, Barclays, HSBC Holdings, Credit Suisse Group AG, Royal Bank of Scotland Group PLC, BNP Paribas, Credit Agricole SA, Societe Generale, UBS in Switzerland and the Royal Bank of Canada.

Despite the downgrades most global banks’ share prices traded higher on Friday. Shares of Bank of America were up 0.03 percent and shares at JPMorgan rose 0.74 percent.

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