Moody’s Cuts US Banks on Mounting Funding Costs, Office Exposure

Moody’s Investors Service lowered credit ratings for 10 small and midsize US banks and said it may downgrade major lenders including U.S. Bancorp, Bank of New York Mellon Corp., State Street Corp., and Truist Financial Corp. as part of a sweeping look at mounting pressures on the industry. • None…

#usbancorp #statestreetcorp #truistfinancialcorp #backingusagainst #mtbankcorp #websterfinancialcorp #bokfinancialcorp #oldnationalbancorp #fultonfinancialcorp #northerntrustco