“In a harsh blow to an already-reeling sector, Moody’s Investors Service on Monday cut its view on the entire banking system to negative from stable.”
USAGOLD note: The same problem that brought down SVB – an underwater bond portfolio – is present in a large swathe of the banking industry making this bank crisis much different than anything that preceded it. Moody’s is right to sound the general alarm.
This entry was posted in Today’s top gold news and opinion. Bookmark the permalink.
