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S&P cuts US and Europeans bank ratings 


S&P cuts US and Europeans bank ratings 


Standard and Poors has cut its crediting rating for 15 big banks, mainly in Europe and the United States. The downgrade is a result of an overhaul of its ratings criteria.

Among those affected are JPMorgan Chase, Bank of America, Barclays and Royal Bank of Scotland.

S&P also left the ratings of 20 banks unchanged and raised those of two others – Bank of China and China Construction Bank.

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