FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / Blogs / Read Blog

Print

Moody’s Puts First Republic and Five U.S. Banks on Downgrade Watch, Bloomberg

March 15, 2023, 07:20 AM
By
Topic: Banking News

Bloomberg reported that Moody’s Investors Service placed First Republic Bank and five additional U.S. lenders on review for downgrade following the collapse of Silicon Valley Bank.

According to the Bloomberg report, Western Alliance Bancorp., Intrust Financial Corp., UMB Financial Corp., Zions Bancorp. and Comerica Inc. were the other lenders put on review by Moody’s, citing concerns over the lenders’ reliance on uninsured deposit funding and unrealized losses in their asset portfolios.

Read the full Bloomberg report here.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.