Moody's Investors Service

 
Moody's says it is increasingly confident the US government will not bail out the banks if they fail. Photo: Reuters

Moody's downgrades debt of 4 big US banks

Moody’s Investors Service cut the debt ratings for four big US bank holding companies, including Goldman Sachs and JPMorgan Chase, citing its increasing confidence that the US government will not bail out the companies if they fail.

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