Moody’s Investors Service warned more than a dozen of America’s and Europe’s biggest banks with significant global capital markets operations that it was placing them under review for possible downgrades. The major American banks that Moody’s placed under review for possible downgrades were Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley. [...]
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U.S. Consumer Credit, Greek Bailout Hopes Hint at Bullish Market
Stocks are up in Europe, with the FTSE 100 slightly in the green and the MSCI All Country World Index up a third of a percent as the market reverses its attitude towards Greece thanks to progress on a bailout plan with creditors. Investors may also be looking to reverse bearish moves in European markets [...]
Wall Street and Euro Lifted on Greece
(eToro Blog) Wall Street rallied higher on reports that Greek leaders were close to agreeing on austerity measures that is a requirement for the nation to get a second rescue package. Several news organizations reported that government officials were preparing the final documents that would allow Greece to qualify for a 130 billion Euro rescue [...]
