british bank downgrades

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  Major British Banks Downgraded Amid Deepening EU Crisis

  13 Oct 2011 by Jasmine Stone / No Comments

  Just before lunchtime, a rumour began to do the rounds, courtesy of Sky News, that credit ratings agency Fitch was going to bring more bad news for Britain’s banks. A credit rating downgrade of major banks was possible later in the day. Sky changed their tune and withdrew the statement on TV, but the blog post remained, and now the downgrade has happened.

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