11 Banks Downgraded: Who Are They, And What ETFs Are They In?
Posted on December 20, 2008 at 07:57 AM EST
Eleven U.S. and European banks that can count themselves as top holdings in some exchange traded funds (ETFs) found themselves downgraded by Standard & Poor’s Ratings Services on Friday morning. S&P bases the downgrade on pressures facing the large financial institutions in the future, because of increasing risk and a worsening global ...
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