Thread regarding Bank of America layoffs

Moody's downgrades JPM, BofA and Wells Fargo after US credit rating cut

Moody's on Monday downgraded the long-term ratings of top American lenders such as JPMorgan Chase, Bank of America and Wells Fargo, after pushing the U.S. out of top triple-A rating club over its burgeoning $36 trillion debt.

https://www.reuters.com/markets/us/moodys-downgrades-jpm-bofa-wells-fargo-after-us-credit-rating-cut-2025-05-19/

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| 902 views | | 2 replies (last May 20, 2025) | Reply
Post ID: @OP+1jvnztq53

2 replies (most recent on top)

Exactly!! They are for-hire, and it is impossible to know what is factual or political these days…

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Post ID: @az+1jvnztq53

People still remember that rating companies rated AAA on subprime mortgage securities. Nobody trusts rating companies anymore.

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Post ID: @aq+1jvnztq53

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