Moody’s Downgrades BofA, Wells Fargo, Citigroup On Fears U.S. Wouldn’t Aid Banks [UPDATE]

Moody’s Corp on Wednesday cut the debt ratings of Bank of America Corp, Wells Fargo & Co and Citigroup Inc, three of the largest U.S. banks, on worries the government would be less likely to support a large lender if it got into trouble.

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