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Moody’s Cuts Outlook on US Banking System, Downgrades or Reviews Ratings of Seven Regional Banks

Key takeaways: Moody’s Investors Service has cut its outlook on the entire US banking system to negative from stable Moody’s has downgraded or is reviewing the ratings of seven regional banks, including First Republic Bank and Zions Bancorp Regulators have stepped in to provide a rescue plan for depositors and other institutions impacted by the crisis The banking sector has…