List of Moody's downgraded banks

Moody's said, "All of the banks affected by today’s actions have significant exposure to the volatility and risk of outsized losses inherent to capital markets activities. In the past, these risks have led many institutions to fail or to require outside support, including several firms affected by today’s rating actions."

And just think--we still have some in our city who continue to play the sleazy political game by blaming a few present and past commissioners on everything wrong with our city.  It just isn't working anymore.

List of the 15 financial institutions just downgraded by Moody's:

downgraded 3 notches:
Credit Suisse, from Aa2 to A2

downgraded 2 notches:
Morgan Stanley, to Baa1
Union Bank of Switzerland
Goldman Sachs, from A1 to A3
Barclays, to A3
BNP Paribas, AA3
Credit Agricole, to AA3
Royal Bank of Canada, to Aa3
Deutsche Bank, to A2
Fortis
Lloyds
Bank of America

downgraded 1 notch:
Royal Bank of Scotland, to Baa1, outlook negative
HSBC, to AA2
Soc Gen, to A2
Citigroup, to Baa2, outlook negative