file photo by Boyd Loving
the staff of the Ridgewood blog
Ridgewood NJ, bank stocks continue to face a crisis of confidence , on Tuesday after Moody’s Investors Service announced it had downgraded 10 small and midsize American lenders, and that it may do the same with a handful of major firms. Higher funding costs, potential regulatory capital weaknesses and rising risks tied to commercial real estate are among the strains that prompted a review, Moody’s said.
Continue reading Moody’s Downgrades Ratings of 10 U.S. Banks
