Moody's downgrades BofA, JPMorgan, Wells Fargo, other big banks after U.S. credit cut

1 month ago 3

• Financials

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Moody's Ratings on Monday downgraded the deposit ratings at some units of megabanks JPMorgan Chase (NYSE:JPM), Wells Fargo (NYSE:WFC) and Bank of America (NYSE:BAC), owing to the bond grader's recent cut to the U.S. sovereign rating.

The lenders were cut

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