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Tag: U.S. Banks

S&P cuts ratings of five regional US banks amid tough lending environment

Posted on August 22, 2023August 22, 2023

The credit ratings of five regional US banks have been lowered by S&P Global Ratings, as the agency warned of the challenges facing the sector in the wake of the Silicon Valley Bank collapse earlier this year. S&P downgraded KeyCorp, Comerica Inc., Valley National Bancorp, UMB Financial Corp. and Associated Banc-Corp by one notch each on Monday,…

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