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Real Estate & Property Law

: Housing Wire

S&P Downgrades 18 Banks

By DIANA GOLOBAY

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As the administration prepared to officially announce its proposed financial regulation overhaul, one credit rating agency had a critical eye trained on 22 US banks. Standard & Poor’s on Wednesday lowered ratings on 18 banks and revised its outlooks on four others, illustrating expectations of fallout over increased regulatory oversight and lower profitability from volatile financial [...]

Full post as published by Housing Wire on June 18, 2009 (boomark / email).

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