Moody's downgrades U.S. banking system's outlook to negative citing bank runs
Moody’s Investor Service changed its outlook on the U.S. banking system from stable to negative on Monday, pointing to the bank runs on multiple institutions in recent days and signs of contagion. The ratings agency issued the downgrade to reflect the rapid deteriorating in the operating environment following deposit runs at Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank (SNY) and…Read more at foxbusiness.com: Moody’s downgrades U.S. banking system’s outlook to negative citing bank runs
