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Moody’s downgrades 10 regional banks as crisis pressures persist

August 9, 2023

Credit rating agency Moody’s Investors Service downgraded 10 regional banks and put six other lenders on notice that they are under review, the latest blow to an industry still reverberating from the March banking crisis that led three firms to collapse. The targeted banks remain vulnerable to nervous depositors and investors, risks from higher interest rates, and a weakening commercial real estate market, Moody’s said.

Article Source: Washington Post

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