Moody's Investors Service has downgraded the credit rating on 28 Spanish banks, including Banco Santander, less than a month after cutting the nation's sovereign rating.
The ratings agency said the banks are linked to the sovereign, so Spain's reduced creditworthiness "implies a weaker credit profile for Spanish banks". The move follows a cut to the Spanish government's...
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BofA Merrill Lynch survey
Investment sector reaction
Multi-asset managers have started reinvesting their high cash positions, with many topping up European exposure as Greece finally reaches a new deal with its creditors.
The bond market faces "strong headwinds" for some time as summer volatility returns and markets anticipate interest rate hikes, according to Invesco Perpetual's fixed income team.
Target five colleges first
Re-platforming went well
Nearly two years after High Court appearance
Tried to work at Wesleyan
Will offer savings and loan products