Financial Ratings Giant Issues Chilling Prediction For Entire Banking Industry

Posted on March 14, 2023
Financial Ratings Giant Issues Chilling Prediction For Entire Banking Industry

NEW YORK, UNITED STATES - MARCH 12: The Signature Bank headquarters at 565 Fifth Avenue in New York, US, on Sunday, March 12, 2023. Signature Bank was closed by New York state financial regulators on Sunday as the fallout from last weekâs implosion of SVB Financial Groupâs Silicon Valley Bank spreads to other lenders. (Photo by Lokman Vural Elibol/Anadolu Agency via Getty Images)

Moody’s Investor Service changed its view on the entire banking system from stable to negative Monday following the collapse of a major bank, according to CNBC News.

Photo by Lokman Vural Elibol/Anadolu Agency