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3XSQ: Bruised banks deal with another setback

Friday, June 22, 2012 - 03:57

June 22 - Moody's downgrades 15 banks, with some seeing cuts of up to 3 notches

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-- Friday writer -- headquarters dark Howard gaming -- fifteen. The number of bank downgraded by Moody's credit sweet suffering a three not drop. Either that or not or Q including Morgan Stanley Citigroup JPMorgan Goldman Sachs and Bank of America. Morgan Stanley taking issue with -- downgrade saying it believes the ratings are not fully reflect key strategic actions it's taken in recent years. Including things about these transformations are ongoing and there are things that is yet. Tapped it. In Europe leaders of Spain Italy France and Germany all meeting to address the financial troubles facing banks especially in Spain. Nigel Stephenson with us from. But -- back to where that's headed here. Good morning Q -- while that has basically discussing what's happening in the euros and just the capital markets -- first -- -- -- the Jackson track hold down on the -- of the banking index showing some gains. Despite that Moody's downgrade. As you mentioned all eyes on rubber -- the leaders of Italy Germany France and Spain let discussing ways to restore confidence in the year resident. Mainly ahead of next week's EU summit on the agenda ways to achieve fiscal and banking union and the president. Perhaps more urgently and may also be vacation to Spain to formally request assistance about 200 billion euros for its struggling backs that. That chancellor Merkel pushed up a meeting to attend to and other -- matter. Slightly more important that depending on -- you're talking to yes mrs. knuckle off -- -- -- -- people forward so she can fly straight talk to get down in Poland. Towards Germany -- Greece in the quarterfinals of the -- 2012 championships. Reuters of course has run some analysis and using a review of eight key economic measures. And show that Germany has already actually 180. -- -- -- -- this all poised to right with you on such as Greece exits the euro's -- haven't had a great -- just below the surprise against the heavily abatement. -- -- Opening night -- but things that. The -- FaceBook IPO has now captured the attention of the SEC the Securities and Exchange Commission. Has start an investigation. The NASDAQ handling of the offering according to the New York Times. Regulators are looking into whether NASDAQ failed to properly test its trading systems and what. Exchange violated regulations when it real rote computer code to get this stopped trading. Mean I've FaceBook shares higher but they do remain below that 38 dollar IPO price. Our power player of the day fulfilling expectations. LeBron James -- with NBA's Miami Heat to win the championship. He failed here one but he did deliberate -- -- king James leading the team to victory over the Oklahoma City other. Closing up best of seven -- in just five games. He doesn't become the MVP trophy no doubt millions more in endorsement deals are gonna follow. And finally that clicking in the Alley and Harris. Okay it's a little weird but this is ten year old -- thing is outside and do -- in Seoul South Korea. The parent able to mimic fifty noises accused trainers says -- the talent some years ago. After a late mimicked her with playing. And that is the latest three times. Where this Friday you can follow us on Twitter writers and tighter. And cat ever Reuters do you think -- camp -- at Reuters dot com slash writers he. PP I'm Rhonda schaffler fifty writers.

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3XSQ: Bruised banks deal with another setback

Friday, June 22, 2012 - 03:57