This is the latest move in an effort to cut costs
The global default rate is expected to continue growing; it should peak in the fourth quarter
Loan losses spell trouble
Bank’s exposure to capital markets prompts change to “negative”
Rating agency affirms ratings for Canadian banks
Fitch Ratings has placed the ratings of nine U.S. banking companies and their subsidiaries on Rating Watch Negative, based in its view that they may be more vulnerable to the credit cycle, the rating agency said Friday.The affected banks are: BB&T Corp., Discover Financial Services, Fifth Third Bancorp, KeyCorp, M&T Bank Corp., Popular, Inc., Regions […]
Prolonged crisis has stretched government resources
Rating sentiment is expected to remain predominantly negative for the remainder of 2009
The European Parliament Thursday voted in favour of adopting new regulations for credit rating agencies.Under the new rules, credit rating agencies will be required to register with the Committee of European Securities Regulators, and they will be subject to oversight. Registered credit rating agencies will have to comply with rules regarding conflicts of interest, ratings […]
Vulnerable companies are in the manufacturing and media sectors