Moodys downgrades hit UK banks

7th October 2011, Comments 0 comments GENEVA, SWITZERLAND - Financial credit rating agency Moody’s has downgraded by 2 to 3 notches 12 financial firms, including such big names as Lloyds TSB and RBS, citing the government’s reduced support. Bank shares immediately fell. Meanwhile, investors are pushing the European Union to draft a bank rescue plan, says Bloomberg. Links to other sites: [...]

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