18 Banks Inch Closer to the Precipice

Standard & Poor’s downgraded the creditworthiness of 22 18 banks [link] including: Wells Fargo “AA-“, US Bank “A-“, Fifth Third Bank “BBB” [what the ratings mean] “We believe the banking industry is undergoing a structural transformation that may include radical changes with permanent repercussions,” said Standard & Poor’s credit analyst Rodrigo Quintanilla. Oh, this is getting [...]