Tuesday, February 9, 2010

S&P Rejects 'Too Big to Fail'

Standard and Poor's revised their credit outlook on Citigroup and Bank of America to Negative from Stable.

Traders noting that Standard and Poor's is attempting to remove the Too Big To Fail premium that has been enjoyed by these large banks, which has been a major help to their credit ratings.

They are concerned the government may not step in should another crisis occur


No comments: