LONDON/NEW YORK (Reuters) – Major ratings downgrades by Moody’s will further divide the world’s biggest banks based on their strength and access to cheap customer deposits. The ratings, released Thursday by Moody’s Investors Service, gave a competitive advantage to “safe-haven” banks that fund themselves with stable, low-cost …
Related posts:
Baillieu foreshadows surplus for Victoria
Woman: I Was Ejected From Courthouse Lobby For Breastfeeding
Iraq urges Qatar to hand over Hashemi
Google, Apple dodge proposed content watchdog
EU mulls blocking cash machines, borders in case of ‘Grexit’
The Corruption of Science: How Corporations Like Monsanto Have Hijacked Higher Education