Credit Rating Agency Moody's Downgrades 15 Banks

Jun 22, 2012
Originally published on June 22, 2012 6:17 am

Fifteen major banks were downgraded Thursday in a reflection of the slowing global economy and volatility in financial markets. In a sweeping move, Moody's cut the credit ratings of some of the world's largest financial institutions, including Bank of America, Goldman Sachs and Citigroup.