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IPFS News Link • Central Banks/Banking

DOWNGRADES and WARNINGS: Moody's Outlook on 27 American Banks

•, by Daisy Luther

Six more banks are under review, and another eleven have been shifted from "stable" to negative.

If you still have all your money in the banking system, you're quickly running out of time to change strategies and preserve some of your wealth.

Which banks got downgraded?
The ten banks which were downgraded are:

Commerce Bancshares
BOK Financial Corporation
M&T Bank Corporation
Old National Bancorp
Prosperity Bancshares
Amarillo National Bancorp
Webster Financial Corporation
Fulton Financial Corporation
Pinnacle Financial Partners
Associated Banc-Corp
According to the Federal Reserve, the largest of these is M&T, which is the 19th largest bank in the country.

More banks are under review.
But the downgrades may not stop there. Moody's has said that six more banks are "under review."

Those banks are:

Bank of New York Mellon Corporation
Northern Trust Corporation
State Street Corporation
Cullen/Frost Bankers
Truist Financial Corporation
U.S. Bancorp