Moody's Investors Service has downgraded the debt ratings of a dozen British banks because of doubts over the strength of the government's support, according to AP. Moody's said Friday that the downgrades include a two-notch downgrade for government-controlled Royal Bank of Scotland, and a one-notch cut for Lloyds TSB Bank, a unit of part-nationalized Lloyds Banking Group. Spanish bank Santander had its British business downgraded by one notch, while Nationwide Building Society suffered a two-notch reduction. Moody's said it believes that the British government will continue to provide some support to systemically important financial institutions, but is more likely to allow smaller institutions to fail.
GMT 19:30 2018 Wednesday ,03 January
EU launches last crisis-battling finance reformGMT 17:13 2017 Thursday ,14 December
South Korea bans its banks from dealing in BitcoinGMT 19:16 2017 Monday ,11 December
Britain’s smaller banks jostle for business banking grantsGMT 19:31 2017 Sunday ,10 December
Britain’s smaller banks jostle for business banking grantsGMT 17:28 2017 Thursday ,07 December
India's central bank holds rates at seven-year lowGMT 17:55 2017 Sunday ,03 December
Saudi banks prepare for riyal coinsGMT 15:10 2017 Wednesday ,29 November
Societe Generale shares climb after cost-cutting planGMT 19:22 2017 Friday ,17 November
Deutsche Boerse taps top banker as new CEOMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor