On Thursday, credit-rating agency Moody's downgraded 15 of the world's largest banks in a move that could cause further turmoil in markets already unnerved by the European debt crisis and the shaky U.S. economic recovery. Citigroup, Bank of America, and Morgan Stanley were among the American banks hit, and they are expected to have a tougher time securing loans as a result. The threat of a downgrade had plagued markets for months, pushing down stock prices of many major financial institutions.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- The U.S. is about to sell weapons to Vietnam. That's bad news for China.
- What the Middle Ages can tell us about the GOP's big charity myth
- Why is the Pentagon stuffing caves in Norway full of tanks?
- The most sensible GOP alternative to ObamaCare comes from a Senate candidate who is almost sure to lose
- When Khomeini said no to Iranian nukes
- 10 things you need to know today: October 23, 2014
- The one thing the New Atheists get right about religion
- 43 TV shows to watch in 2014
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- Did Republicans overshoot on the Ebola panic?
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