Related
UBS gets wealthy client boost 
Gloomy outlook from UBS 
Close up: ECB bids to ease bank stress 
Money: The root of the EU’s evils 
Barclays’ profit up, bad loans down 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.
More about: Banking, Barclays, Standard & Poor’s, UBSCopyright © 2012 euronews
JavaScript is required in order to view this article’s accompanying video
Top Stories
Haneke scoops Cannes Palme d'Or
Austrian director Michael Haneke has won the Cannes film festival’s top prize. He scooped the Palme d’Or for his film “Love” – the tale of an elderly couple facing the inescapable, yet…
Syrian government blames rebels for Houla massacre
International outrage is mounting over a massacre in Syria that has left more than 100 people…
Mali: Rebel groups agree to creation of Islamic state
Two Rebel groups have agreed to merge and create an independent Islamic state in Northern…
latest economy news
EU-Argentina trade friction increases- Eurozone citizens back common currency
- Athens stock market plunges
- Euro tumbles on German weakness
- UK economy in worse state than feared
- Foreign investors shun Italy and Spain
- IMF tells Britain ‘must try harder’
- Eurozone is biggest threat to growth: OECD
- UK inflation eases
- Troika checks Portugal’s progress
euronews on facebook
