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S&P May Cut Ratings for BofA, Citi, JPMorgan, Morgan Stanley & Others

November 5, 2015 by Eugene Grygo

Eight major U.S. financial services firms may have another issue to worry about as ratings agency Standard & Poor’s is putting them on a watch list for ratings cuts because these firms may be affected by a proposed rule of the Federal Reserve ending bailouts for firms that are “too big to fail.” The eight… Read More >>

Filed Under: General Interest, Regulation & Compliance, Industry News Tagged With: bailouts, Bank of America Corp., Bank of New York Mellon Corp., BofA, Citi, Citigroup Inc., CreditWatch, Dodd-Frank, Federal Reserve, global systemically important banks (GSIBs), JPMorgan, JPMorgan Chase & Co., Morgan Stanley, non-operating holding companies (NOHCs), nondeferrable subordinated debt (NDSD), S&P Ratings, Standard & Poor's, State Street Corp., The Goldman Sachs Group, Too big to fail, total loss-absorbing capacity (TLAC), Wells Fargo & Co.

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