Major banks face possible rating cut from Moody's

03/30/2012 | New York Times (tiered subscription model), The

Moody's Investors Service says it will decide in May whether to downgrade the credit ratings of 17 global financial institutions. Morgan Stanley, Bank of America and Citigroup are bracing for cuts. The banks have said they will increase collateral to back up trades, but a rating downgrade could do broader damage in the long run.

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New York Times (tiered subscription model), The

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