{"id":1886772,"date":"2023-03-14T12:14:08","date_gmt":"2023-03-14T16:14:08","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/svb-collapse-moodys-says-six-banks-under-review-for-credit-downgrades\/"},"modified":"2023-03-14T12:15:19","modified_gmt":"2023-03-14T16:15:19","slug":"svb-collapse-moodys-says-six-banks-under-review-for-credit-downgrades","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/svb-collapse-moodys-says-six-banks-under-review-for-credit-downgrades\/","title":{"rendered":"SVB collapse: Moody&#8217;s says six banks under review for credit downgrades"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsvb-collapse-moodys-says-six-banks-under-review-for-credit-downgrades%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1886772&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"RichTextArticleBody-body\">\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">\n<div id=\"Brid_78748495\" class=\"brid\" style=\"width:16; height:9;\" itemprop=\"video\" itemscope itemtype=\"http:\/\/schema.org\/VideoObject\">                <meta itemprop=\"name\" content=\"SVB collapse Explainer\">               <meta itemprop=\"description\" content=\"Silicon Valley Bank collapsed on Friday, followed by New York-based Signature Bank on Sunday, with shares of San Francisco-based plummeting by more than 70% on Monday. Though the Biden administration has said it will not bail out banks, it will fully guarantee deposits in SVB, which Republicans have described as being a very similar move in practice.\">               <meta itemprop=\"duration\" content=\"PT2M14S\">               <meta itemprop=\"uploadDate\" content=\"2023-03-13 22:50:52\">               <meta itemprop=\"thumbnailURL\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/snapshot\/1261953_th_1678748157.jpg\">               <meta itemprop=\"contentUrl\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/sd\/1261953.mp4\">              <\/div>\n<p>               <script type=\"text\/javascript\"> var _bp=_bp||[]; _bp.push({ \"div\": \"Brid_78748495\", \"obj\": {\"id\":\"27789\",\"width\":\"16\",\"height\":\"9\",\"video\":\"1261953\"} }); <\/script>               <script type=\"text\/javascript\" async src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script>              <\/div>\n<\/p><\/div>\n<p><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/moodys\">Moody&#8217;s<\/a> <span class=\"ArticlePage-articleBody-firstLetter\">I<\/span>Tuesday&#8217;s announcement by nvestors Service was that it was examining a quarter of a dozen <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/banks\">Banks<\/a> To decide if they should be downgraded. <\/p>\n<p>All six of the banks are facing &#8220;extremely volatile funding conditions&#8221; Despite the fallout from Silicon Valley Bank <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/silicon-valley-bank-fails\">Dramatic failure<\/a> Last week. Moody&#8217;s also has this information <a class=\"Link\" href=\"https:\/\/www.wsj.com\/livecoverage\/stock-market-news-today-03-14-2023-cpi-report-inflation-svb\/card\/moody-s-places-six-u-s-banks-under-review-for-ratings-downgrades-XcmaubQMbHcZDyp5aZNu\">Looking into<\/a> According to the Thebanks&#8217; exposure to deposits that are not insured, <i>Wall Street Journal<\/i>. <\/p>\n<p>The banks are: <\/p>\n<ul>\n<li>First Republic Bank<\/li>\n<li>Western Alliance Bank<\/li>\n<li>Zions Bancorp<\/li>\n<li>Intrust Financial<\/li>\n<li>Comerica<\/li>\n<li>UMB Financial Corp<\/li>\n<\/ul>\n<p> Some six banks sustained heavy losses Monday, as investors responded to the collapse of SVB and the failure by Signature Bank, a major cryptocurrency lender, over the weekend. <\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/contagion-regional-banks-distress-svb-collapse\">SVB COLLAPSE &#8211; SIGNS of CONTAGION REGIONAL BRANKS IN DISTRESS<\/a><\/b> <\/p>\n<p>Shares of First Republic Bank, a San Francisco-based bank, plunged more than 73% Monday. Western Alliance Bancorp lost 65%, while Zions Bancorp saw a drop of more than 20%. <\/p>\n<p>After markets opened, the pendulum swing back Tuesday and investors started buying back shares in flagging banks. <\/p>\n<p>First Republic saw a 64% increase in its value after opening. Western Alliance was back 53%, while Zions grew by 22%. <\/p>\n<p>The relief felt by markets was largely due to the strong federal government action to prevent banks from running, which seemed likely over the weekend. Before the Fed took action to protect depositors, there was a sigh. The federal government declared that it would support all deposits at Signature and SVB, regardless of whether they exceed the $250,000 threshold set by Federal Deposit Insurance Corporation. <\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/\">CLICK HERE TO READ MORE ABOUT THE WASHINGTON EXAMINER<\/a><\/b> <\/p>\n<p>The market panic caused by the SVB collapse was felt all over the world. It raised concerns that the United States might be heading for another recession. <\/p>\n<p>On Monday, the yields on U.S. Treasurys fell further, continuing declines that occurred late last week. At one point, the yield of the 10-year Treasury fell 0.2% to 3.498%. The two-year Treasury yield was down a full percentage point since Wednesday \u2014 the worst three-day plunge since 1987 after the famous crash known as &#8220;Black Monday.&#8221;<\/p>\n<\/p><\/div>\n<p><\/p>\n<hr>\n<p>&#8220;Read More from&#8221; <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/six-banks-review-credit-downgrades-svb-moodys\">Moody&#8217;s: Six banks are under review by Moody&#8217;s for credit downgrades<\/a>&#8221;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Moody\u2019s Investors Service said Tuesday that it is examining a half-dozen banks to decide whether they should be downgraded. The six banks in question are all facing \u201cextremely volatile funding conditions\u201d amid the fallout from Silicon Valley Bank\u2019s dramatic failure last week. Moody\u2019s is also looking into the banks\u2019 exposure to deposits that are uninsured<\/p>\n","protected":false},"author":1,"featured_media":1897148,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[8961,7385,6178,21620,21621,7289,21356],"class_list":["post-1886772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-banks","tag-collapse","tag-credit","tag-downgrades","tag-moodys","tag-review","tag-svb"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1886772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1886772"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1886772\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1897148"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1886772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1886772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1886772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}