S&P Downgrades Credit Ratings of 3 European Banks

July 3 (Bloomberg) -- Bloomberg European business correspondent Caroline Hyde reports that Barclays, Deutsche Bank and Credit Suisse Group all had their credit ratings lowered by S&P due to new rules and “uncertain market conditions” threatening their business. She speaks on Bloomberg Television's "On The Move."
Equity Valuations Lofty, Earnings Lousy: Morganlander
36:08 - Stifel Nicolaus' Chad Morganlander and Bloomberg's Michael Regan discuss the global selloff in stocks with Bloomberg's Pimm Fox on "Taking Stock." (Source: Bloomberg)
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