Thursday, July 24, 2014

Google announced results for Q2; mixed results

Moody's lowers rating of more than 20 European banks; British lack of government support, the Portuguese access a viacom company to liquidity - Patria.cz
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Google announced results for Q2; mixed results
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Just twelve British a viacom company and nine Portuguese financial institutions morning sustained the downgrade a viacom company by Moody's. Helping hand for state banks in trouble already, the agency is not sure in the UK, which resulted in a reduction of credit ratings even as the bank Lloyds TSB (GBp 34.99, -2.45%) Bank, RBS or Santander UK (24 GBp -1 , 48%). Portuguese banks, according to Moody's worse access to money markets and more is also saddled with exposure to the debt of the state. "Spoken words and actions by public institutions in the UK significantly reduced the predictability of support a viacom company (financial sector) in the medium to long term," explained Moody's today's one-to two-level downgrade British banks. She assured while the downgrade does not reflect any deterioration a viacom company in the direction of government policy or force the banking sector. "Moody's believes that the (British) government is likely to continue to provide some support to systemically important (financial) institutions," the agency said. "However, a viacom company an increased likelihood that allow smaller institutions to fail if they get into financial a viacom company trouble," she added. British Finance Minister George Osborne said today that British banks are well placed to deal with the consequences of the European debt crisis. "I a viacom company am confident that British banks have enough capital. They are liquid and do not experience similar problems as some banks in the euro area," he said. The reduction of one degree held by Lloyds a viacom company TSB Bank (to A1 from Aa3), Santander UK (to A1 from Aa3), Co-Operative Bank (to A3 from A2). Just two steps to reduce the rating at RBS, for example, who lost Aa3 and has now A2, and then with Nationwide Building Society (to A2 from Aa3). The remaining seven downgrade was addressed to smaller financial institutions. Moody's is continuing its campaign global banking sector, in which distributed the last downgrade in the United States. a viacom company On 22 September, the Agency has caused a stir on Wall Street by reducing long-term debt ratings of U.S. banking giant Bank of America ($ 6.28, 8.84%) and Wells Fargo ($ 25.37, 3.55%). a viacom company Moody's downgrade if its leading banks justify the argument that it reduces the likelihood that in the event of financial difficulties bank enlarge them come again to help the U.S. government. Change rating a viacom company by Moody's also hit nine Portuguese banks. The downgrade of their debt and deposit occurred in the range of one to two degrees, to reduce the principal rating then in six of these nine banks. a viacom company At all outlook remains negative with the exception of Banco Portugues de Negocios, its position, according to Moody's improves. Intervention

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