Top US banks at risk of rating downgrade – Fitch ...News

Russia Today - Economy
Top US banks at risk of rating downgrade – Fitch
source : Russia Today ( News ) () 29
A potential cut even threatens financial giants such as JPMorgan, according to an agency analyst The US banking sector could be hit with a spate of rating cuts including for the likes of JPMorgan Chase and Bank of America due to the industry’s deteriorating health, Fitch analyst Chris Wolfe told CNBC on Tuesday.  According to Wolfe, Fitch cut its assessment of the industry’s “operating environment” back in June amid pressure on the country’s credit rating, regulatory gaps exposed by regional bank failures, and uncertainty around interest rates. That move went largely unnoticed, Wolfe claims, because it did not le

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