July 24, 2024
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US Banks Facing ‘Significant Risk’ of Deposit Flight As Profit Margins Narrow, Warns Top Ratings Agency

In a recent alert, Moody’s, the renowned credit ratings agency, has raised a fresh warning flag concerning the stability of the US banking system. According to their latest research note, Moody’s has opted to trim the ratings of 10 regional banks, and they are now deliberating whether to downgrade several significant players in the industry.

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Blockchain News

Moody’s downgrades Coinbase citing ‘uncertain magnitude’ of SEC charges

Moody’s, the renowned credit ratings agency, has recently downgraded Coinbase’s rating from “stable” to “negative” due to the legal action taken by the Securities and Exchange Commission (SEC) against the popular crypto exchange. The SEC alleges that Coinbase has been operating as an unregistered securities broker. Moody’s expressed concerns about how this regulatory action will

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