Moody's late on Monday put six banks on review for possible downgrade as it also said it will withdraw ratings on collapsed Signature Bank.
Moody’s late on Monday put six banks on review for possible downgrade as it also said it will withdraw ratings on collapsed Signature Bank.
In... Moody’s late on Monday put six banks on review for possible downgrade as it also said it will withdraw ratings on collapsed Signature Bank. In First Republic’s case, Moody’s blamed the bank’s high reliance on uninsured deposits, its high amount of unrealized losses, as well as a low capitalization relative to peers, though it gave credit to its “official sector borrowing capacity” and its strong franchise in private banking and private wealth management for high-net-worth individuals.
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