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.

Published 3 months ago · Washington, United States

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Reuters

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

Moody's Investors Service on Tuesday revised its outlook on the U.S. banking system to "negative" from "stable", citing heightened risks for the sector after the rapid unraveling of SVB Financial Group fueled fears of contagion.

3 months ago·United Kingdom

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CNBC

Moody’s cuts outlook on U.S. banking system to negative, citing ‘rapidly deteriorating operating environment’

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.

3 months ago·United States

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Bloomberg

Moody’s Cuts US Banking System to Negative After Lender Failures

Moody’s Investors Service cut its outlook for the US banking system to negative from stable, citing the run on deposits at Silvergate Capital Corp., SVB Financial Group’s Silicon Valley Bank and Signature Bank that led to the three lenders’ collapse in less than a week.

3 months ago·United States

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