JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. are included in the 8 banks that Standard& Poor’s may have to cut grades on view that the U.S. government is less likely to provide aid in a crisis.
The companies had senior unsecured and nondeferrable subordinated debt ratings placed on negative credit watch, S&P said Monday in a statement.
Wells Fargo & Co., Goldman Sachs Group Inc., Morgan Stanley, Bank of New York Mellon Corp. and State Street Corp. are also on the list.
The material has been provided by InstaForex Company – www.instaforex.com