Stocks Crash As Moody’s Prepares To Announce US Bank Downgrades

US stocks and commodities are hammered across the board as Moody’s is set to downgrade the credit rating of several major US banks to near junk status.

Stock markets and commodities sell off across the board with losses of up to 3% in the major stock market indexes ahead of the close as Moody’s is set to announce widespread downgrades of all major US banks at 4:00pm

Categories: ECONOMY

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