Moody's prepares to downgrade banks

Note: This section contains information in English only.
Source: Bloomberg
Moody's Investors Service is going to downgrade credit ratings of no less than 100 banks this month. This would raise their financing costs and force them to limit their lending. UBS AG, Credit Suisse Group AG and Morgan Stanley could be downgraded by three levels on their long term debt. JPMorgan Chase, Goldman Sachs and HSBC Holdings by two levels. Bank of America, Barclays Plc and Royal Bank of Scotland could be downgraded on their short-term debt.
Back to articles

Actual Topics

Wed, 09 May 2012 10:23:32 GMT

Stocks in Switzerland reach lowest level this year

Unresolved coalition dillema in Greece depressed stock prices of Swiss companies to the bottom level this year. Swiss Market Index dropped by 0.4% to 5953.74 and Swiss Performance Index shrank 0.3% during morning trade. Actelion and Novartis AG lost 1.3% and 0.7% of their value respectively. Holcim managed to experience 1.2% gain after promising to present cost-cutting plans next week. 

Wed, 09 May 2012 08:33:07 GMT

The IMF supports the SNB floor value

The IMF favours the SNB floor of CHF 1.20 against the common currency, as negative news coming from the Eurozone and particularly strong Swiss Franc have increased deflationary risks. If the Eurozone debt crisis worsens, the IMF anticipates the Franc to be under enduring pressure. Therefore, further monetary expansion might be necessary to maintain the floor value. 

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.