Friday, December 16, 2011

FITCH DOWNGRADES SIX GLOBAL BANKS.THEY ARE:
1.Bank of America and Goldman Sachs in US.
2 Barclays Bank UK and BNP Paribas of France.
3.Deutsche Bank Germany and Credit Suisse of Switzerland.

Last week the rating agency Moody's downgraded France's three big banks due to difficulty borrowing money.

On 30th November,Standard &Poor downgraded long term credit grades of s string of major financial firms including wall Street titans Bank of America and Goldman Sachs and Barclays and HSBC.

BBC News.

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