NEW YORK (TheStreet) — Moody’s slashed the ratings of 15 of the largest world banks late Thursday …
Deutsche Bank Sees 40% Upside for Goldman Sachs (Update 2)Bank of America: Downgrade Threat Loser (Update 2)Morgan Stanley Just Got a $6.8 Billion Headache
Moody’s cut Morgan Stanley(MS_) by two notches to Baa1, instead of a possible three notch cut. The agency also cut JPMorgan Chase(JPM_), Citigroup(C_) and Goldman Sachs (GS_) by two notches and Bank of America(BAC_) by a notch in a sweeping ratings change that still gives the nation’s largest banks a negative outlook.