Moody's puts six US banks on watch for potential downgrade

Moody's Investors Service placed six US banks on review for potential downgrades late Monday, in the wake of last week's collapse of Silicon Valley Bank.

News: What you need to know about the markets     Moody's puts six US banks on watch for potential downgrade Moody's Investors Service placed six US banks on review for potential downgrades late Monday, in the wake of last week's collapse of Silicon Valley Bank. Read more »   What comes next in the banking crisis? The early 1990s hold clues Investors are searching for clarity in the wake of Friday's collapse of Silicon Valley Bank — the biggest failure of a US bank since 2008. And as they attempt to predict what comes next — be it wider financial chaos, more government regulation, a pause in Fed hikes or something else entirely — they're looking to the past for guidance. Read more »   Credit Suisse finds 'material weakness' in its financial reporting, scraps exec bonuses Credit Suisse on Tuesday acknowledged "material weakness" in its financial reporting as it scrapped bonuses for top executives in the wake of its worst annual performance since the global financial crisis. Read more »   The Fed needs to stop raising rates now, former FDIC chair says after Silicon Valley Bank failure Sheila Bair, a top banking regulator during the 2008 financial crisis, says the stunning implosion of Silicon Valley Bank is exactly why the Federal Reserve needs to halt its war on inflation. Read more »   Asian markets tumble as SVB fallout fears rattle banking sector Asian stocks fell broadly on Tuesday, dragged down by banking shares, as fears over the fallout of Silicon Valley Bank's collapse gripped the market despite US government efforts to stabilize the financial system. Read more »   'Absolutely idiotic'. SVB insider says employees are angry with CEO The blame game is on for who caused Silicon Valley Bank's collapse, and the tech sector is pointing the finger at SVB CEO Greg Becker for allowing his company to go down in history as the second-biggest US banking failure on record. Read more »

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