More Downgrades Hit Spain, Italian Banks
Spain was hit on Tuesday with its third downgrade in 13 months as Moody’s Investors Service dropped the troubled country’s rating two notches and left the outlook negative. Italy did not escape the day unscathed, either, as Standard & Poor’s hit its banking system, downgrading 24 banks and the nation's...
Moody’s Slices Italy's Credit Rating
Italy got hammered Tuesday by Moody’s, which lowered the country’s credit rating from Aa2 to A2, with a negative outlook, citing weak growth as the reason.
Georgia on My Mind: Emerging Market Temptations
A bank in Georgia is offering a dazzling 8% rate on a 1-year CD or 9% for 2 years, but it’s not SunTrust Bank in Atlanta but TBC Bank in Tibilisi.
Italian Bond Rate Jumps at Auction
Italy was forced to pay record yields on bonds sold at auction on Thursday.