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Credit Suisse Cut 3 Levels as Moody's Downgrades Biggest Banks

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Linked by Bloomberg ( track newsfeed | ignore newsfeed ) - June 22, 01:10AM from (www.bloomberg.com)

By Dakin Campbell and Michael J. Moore - 2012-06-22T04:00:18Z


Downgrades of Morgan Stanley, Credit Suisse Group AG (CSGN) and 13 other global banks, announced by Moody’s Investors Service after months of speculation about dire fallout, were met instead by rallies in stocks and bonds.
The cost to p...


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