Free Republic 3rd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $15,561
19%  
Woo hoo!! And now only $639 from reaching 20%!! Thank you all very much!! God bless.

Keyword: canufeeltherumble

Brevity: Headers | « Text »
  • Fitch warns it may be forced to downgrade multiple (more than 70) banks, including JPMorgan - CNBC

    08/15/2023 7:38:53 AM PDT · by 11th_VA · 8 replies
    CNBC via Reuters ^ | Aug 15, 2023
    Aug 15 (Reuters) - An analyst at Fitch Ratings warned that U.S. banks, including JPMorgan Chase (JPM.N), could be downgraded if the agency further cuts its assessment of the operating environment for the industry, according to a report from CNBC on Tuesday. In June, Fitch lowered the score of the U.S. banking industry's "operating environment" to AA- from AA, citing pressure on the country's credit rating, gaps in regulatory framework and uncertainty about the future trajectory of interest rate hikes. Another one-notch downgrade, to A+ from AA-, would force Fitch to reevaluate ratings on each of the more than 70...