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The US banking sector had a bad month in August, with several banks receiving downgrades from credit-rating agencies, capping off weeks of consternation about the sector’s profitability and vulnerability after a series of large bank failures early in 2023. Most banks are seen as stable, but the downgrades portend trouble ahead for some.
MARKET WRAPS Watch For: EU Harmonised CPI, construction output; U.K. monthly retail sales figures; trading updates from Aegon, Koninklijke BAM Groep, Gold Fields, Adyen, Sasol Opening...
Fitch issues fresh commentary around a June move to reduce its view on the bank ecosystem in the face of uncertainty around interest rate hikes and the...
Fitch Ratings analyst Christopher Wolfe has reduced his firm’s operating environment score for U.S. banks to aa- from aa due to the unknown path of interest…
A survey released Tuesday revealed fund managers are their least pessimistic since early 2022, but anxiety about banks and China again caused a selloff Tuesday.