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Published 1 year ago

Moody's changes outlook on U.S. banking system to 'negative' after SVB collapse

Summary by Ground News
Moody's Investors Service revised its outlook on the U.S. banking system to "negative" from "stable" It cited heightened risks for the sector after the rapid unraveling of SVB Financial Group fueled fears of contagion. Bank runs at Silicon Valley Bank, Silvergate Capital Corp (SI.N) and Signature Bank have deteriorated the operating environment.

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