By Eyder Peralta
Originally published on Thu June 21, 2012 5:53 pm
The credit rating agency Moody's Investor Services just downgraded the ratings of 15 of the world's largest banks.
Bank of America, JPMorgan Chase, Citigroup and Goldman Sachs were among them.
The AP reports:
"The ratings agency said late Thursday that the banks were downgraded because their long-term prospects for profitability and growth are shrinking.
Read more