Tag Archives: Moody’s cuts outlook on US banking system to ‘negative’

NEW YORK: Moody’s Investors Service on Tuesday revised its outlook on the US banking system to “negative” from “stable”, citing heightened risks for the sector after the rapid unraveling of SVB Financial Group fuelled fears of contagion. Bank runs at Silicon Valley Bank, Silvergate Capital Corp and Signature Bank have deteriorated the operating environment for the sector that is now …

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