S&P Downgrades Credit Ratings of 3 European Banks

S&P Downgrades Credit Ratings of 3 European Banks Play

July 3 (Bloomberg) -- Bloomberg European business correspondent Caroline Hyde reports that Barclays, Deutsche Bank and Credit Suisse Group all had their credit ratings lowered by S&P due to new rules and “uncertain market conditions” threatening their business. She speaks on Bloomberg Television's "On The Move."

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