S&P Global Downgrades Five US Banks, Warns Lenders Hold Billions of Dollars in Loans That May Face ‘Material Deterioration’
07 April 2024 - 5:04AM
The Daily Hodl
Standard & Poors (S&P) just downgraded five more
regional banks as pain in the sector continues to spread. In a new
outlook report, S&P says it’s downgrading First Commonwealth
Financial Corp., M&T Bank Corp., Synovus Financial Corp.,
Trustmark Corp. and Valley National Bancorp. All five banks were
downgraded to “negative” from “stable.” S&P says the […]
The post
S&P Global Downgrades Five US Banks, Warns Lenders Hold
Billions of Dollars in Loans That May Face ‘Material
Deterioration’ appeared first on The Daily Hodl.
...
Continue reading S&P Global Downgrades Five US
Banks, Warns Lenders Hold Billions of Dollars in Loans That May
Face ‘Material Deterioration’
The post
S&P Global Downgrades Five US Banks, Warns
Lenders Hold Billions of Dollars in Loans That May Face ‘Material
Deterioration’ appeared first on
The Daily Hodl.
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