Moody’s cuts outlook on U.S. banking system to negative, citing ‘rapidly deteriorating operating environment’

https://www.cnbc.com/2023/03/14/moodys-cuts-outlook-on-us-banking-system-to-negative-citing-rapidly-deteriorating-operating-environment.html

·        Moody’s Investors Service cut its view on the entire banking system to negative from stable.

·        The big three rating firm cited a ”‘rapidly deteriorating operating environment” despite regulators’ efforts to shore up the industry.