S&P warns it might downgrade credit ratings of Citi, BofA

02/9/2010 | Financial Times (tiered subscription model)

Standard & Poor's acknowledged that Citigroup and Bank of America have recently improved performance and bolstered their balance sheets with additional capital. However, the proposed overhaul of financial regulation in the U.S. is prompting the credit rating agency to warn that it might downgrade the banks' credit ratings. The concern is that the regulatory revamp would reduce the chance that taxpayers will provide aid again if the banks run into trouble.

View Full Article in:

Financial Times (tiered subscription model)

Published in Brief: