LONDON (MarketWatch)
Moody's Investors Service is readying a downgrade for
British banks, according to media reports Thursday
Barclays PLC , HSBC
Holdings PLC and
Royal Bank of Scotland Group PLC are
expected to come under creditworthiness scrutiny as early as this evening London
time, according to the reports
Moody's has already downgraded major financial
institutions in Spain and Italy and the move comes as European markets are on
edge over an expected report from an independent auditor detailing the health of
the Spanish banking sector
Welcome
The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
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