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Asian shares are mostly trading lower after worries about the U.S. banking system set off a decline on Wall Street and amid concerns closer to home about Chinese economic growth.
NEW YORK -- Wall Street slipped Tuesday as worries about the banking system and the global economy forced more caution into financial markets worldwide.
NEW YORK — Wall Street slipped Tuesday as worries about the banking system and the global economy forced more caution into financial markets worldwide.
The Moody's downgrade of 10 banks this week and warnings that more could be coming reignited concerns over U.S. regional banks.
Moody’s announcement that it had lowered the ratings of 10 small and midsized lenders was a sign that the “mini-bank crisis” that roiled Washington and Wall Street earlier this spring might not be over.