Financial News, Politics, and other Skullduggery

Financial News, Politics, And Other Skulduggery

Friday, May 18, 2012

Capitalism on the brink: Moody's downgrades 16 Spanish banks

NEW YORK | Fri May 18, 2012 4:40am EDT

(Reuters) - Moody's Investor Service carried out a sweeping downgrade of 16 Spanish banks on Thursday, including Banco Santander, the euro zone's largest bank, citing a weak economy and the government's reduced ability to support troubled lenders.

No comments:

Post a Comment