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Moody's downgrades 15 major global banks
Thursday, June 21, 2012    
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Ratings agency Moody's has begun its much anticipated downgrade of the U.S., Canadian, and European banking sectors.

Moody’s Investors Service downgraded the debt ratings of 15 major international banks and securities firms on Thursday, a move that could cost the banks billions of dollars in extra collateral.

Read More - Business Insider
 
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