Moody’s Cuts Outlook on Germany, Luxembourg, Netherlands
Germany, the Netherlands and Luxembourg saw their outlooks downgraded to negative by Moody’s Investors Service late Monday as debt woes in the eurozone continued to worsen.
Italy’s Bond Yield Falls at Sale Despite Moody’s Cut
Italy passed a market test on Friday after a Moody’s downgrade that its industry minister called unjustified.
Spanish Banks Downgraded as Cyprus Seeks Bailout
The troubled eurozone continued to experience turmoil as Moody’s downgraded 28 Spanish banks and Cyprus requested a bailout that could amount to more than half its economy.
Morgan Deemed ‘Winner’ in Moody’s Bank-Rating Massacre
Fifteen banks in the U.S., U.K. and Europe with global capital markets operations saw their ratings cut by Moody’s, some by as many as three notches.
As Morgan Stanley Loses Another Team, Is It ‘Under Siege?’
Troubles, including a downgrade by Moody's, continue for Morgan Stanley.
Growth, Fiscal Union May Emerge from Eurozone Crisis
With the outcome of Sunday’s coming election in Greece casting shadows over the eurozone, leaders in the European Union are turning from austerity to growth and investigating the possibility of a closer fiscal union.
Southern Eurozone’s Woes Simmer On
Despite a weekend bailout for Spain’s banking sector that was meant to reassure investors, markets continued to punish the southern eurozone.
Italy Next, Austrian Minister Says
Mere days after Spain received a bailout deal, wary investors and some eurozone officials turned their attention to Italy, proving that contagion fears are far from soothed.
London’s ‘Whale’ Loses $2 Billion for JPMorgan
CEO Jamie Dimon said that the office suffered an “egregious” failure and that losses from volatile synthetic credit securities could mount by another $1 billion in this quarter or the third.
GDP Grew 2.2% in Q1: Commerce Department
The GDP result, while showing slower growth than last quarter, suggests that the economy will continue to expand, slowly but steadily.