Fitch downgrades world's top banks

[dbt]

Source: CNN

The ratings firm Fitch downgraded a cluster of the world's largest banks Thursday, pointing to trading challenges facing international markets.

The banks included Bank of America, Morgan Stanley and Goldman Sachs, as well as Europe's Barclays, Societe Generale and BNP Paribas.

Germany's Deutsche Bank and Switerzland's Credit Suisse were also downgraded.

It was the third major credit rating agency to downgrade global financial institutions since September.


Read more: http://edition.cnn.com/2011/12/15/us/new-york-fitch-downgrade/index.html?hpt=hp_t2

[countryjake]

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