Fitch Downgrades UBS, Many Others, Puts Morgan Stanley, Bank of America, Goldman, BNP, Deutsche Bank, SocGen And Others On Watch Negative

Not only is John key presiding over two downgrades for NZ on his watch, now the bank that holds most of his wealth is going down the tubes too as Fitch downgrades UBS and puts all the too big too fail banks on negative watch: Since one can not get a downgrade of a bank […]

Big four jittery as S&P does its sums

Coming to a bank near you! New Zealand’s Australian-owned banks are worried about the prospect of credit rating downgrades as Standard & Poor’s reviews how it rates them, an expert says. In January Standard & Poor’s, stung by the spectacular failure of a number of highly rated institutions in the 2007 global financial crisis, announced […]