One of the biggest rating agencies had changed the outlook of the U.S. banking system from stable to “negative”.
Moody’s has moved the rating and says that is the main reason is the “rapidly deteriorating operating environment”.
The recent implosion of SVB and SNY is causing problems that seem to be spiraling daily.
Now Moody’s has out outlook at negative and things are not looking great.
Credit Suisse is seeing its shares plummet after announcing that they found “material weakness”. Could they be next?
It could all stop here.
Things could level out.
But it could go the way that Warren Buffett is saying… more inflation.
What do you think? Will the slide stop here or will things get worse?