Weakness in investment banking to be offset by strong trading activity
Margin expansion, strong balance sheets to offset rising loan losses
A U.S. recession could drive higher credit losses and hit bank earnings
Governance and social factors weigh on many issuers' credit ratings
Both asset values and client flows could be challenged in year ahead
Regulator forms industry group to develop voluntary code of conduct
Government finances face pressure from rising rates, slowing growth
Rating agency's sales personnel pressured analysts on RMBS transaction, regulator alleged
Published targets are progress, but action remains elusive, uncertain
European legislative proposal delays, dilutes final Basel III reforms, the rating agency said