Biggest Banks Face Moody’s Cuts as U.S. Support Ebbs

Lock
This article is for subscribers only.

Goldman Sachs Group Inc. and JPMorgan Chase & Co. are among banks whose debt ratings may be cut by Moody’s Investors Service as it examines whether the U.S. would be less likely to ensure creditors are repaid in a crisis.

Morgan Stanley and Wells Fargo & Co. also may be downgraded, Moody’s said yesterday in a reportBloomberg Terminal. Citigroup Inc. and Bank of America Corp. are under review, with the direction of any rating change uncertain, Moody’s said. Bank of New York Mellon Corp. and State Street Corp. already were under review.