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
- How the South's ugly racial history is haunting ObamaCare
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- Stop making fun of philosophy and read some philosophy
- 43 TV shows to watch in 2014
- If Democrats abandon immigration reform after Tuesday's likely loss, they will turn 2016 into a debacle
- Feast your eyes on this beautiful linguistic family tree
- Beware of Splenda: The backlash against artificial sugars
- 6 things the happiest families all have in common
- What if Leo Strauss was right?
- The culture war finally comes to the Catholic Church
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