Barclays's Quarmby on China, U.S. Banks, Credit Ratings

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Nov. 30 (Bloomberg) -- Tom Quarmby, a Hong Kong-based analyst at Barclays Capital, talks about the U.S. and China's banking industries. Bank of America Corp., Goldman Sachs Group Inc. and Citigroup Inc. had long-term credit grades reduced to A- from A by Standard & Poor’s after the ratings firm revised criteria for dozens of the world’s biggest lenders. Quarmby speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)


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