Moody's cuts credit ratings on 15 major banks

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Moody's cuts credit ratings on 15 major banks

by Associated Press Videos 1:18 mins

Moody's cuts credit ratings on 15 major banks

by Associated Press Videos 1:18 mins

Moody's Investors Service lowered the credit ratings of 15 of the world's largest banks late Thursday, including Bank of America, JPMorgan Chase and Goldman Sachs, saying their long-term prospects for profitability and growth are shrinking. (June 21)

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