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MSNBC Way Too Early With Jonathan Lemire June 4, 2024 09:41:00

Moody s been in the news lately. yesterday downgraded several u.s. banks, regional banks. so should investors be concerned there could be some more banking sector pain ahead? so probably not. this is really just a reaction to what happened a little bit earlier this year, what we saw out of the banking sector, particularly the likes of mnt bank, webster financials, those were getting downgrade at least one notch on the back of how things had looked for regional lenders earlier this year. you ll remember the svb s situation that certainly happened and that effect of the regional lenders because of the higher interest rates and how that s impacting their books. but some of the bigger banks and even northern trust have also taken a bit of a hit only because they re now on review for a possible downgrade. ....

U S , Moody S , Banking Sector , Mnt Bank , Interest Rates , Northern Trust ,