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Moody's makes a few changes, keeps letters

Moody's surveyed its customers recently, and they apparently were in favor of keeping the ratings agency's time-honored letter ratings, AAA and so forth. To many critics, these letter ratings mean Read more...

Banks binge on preferred shares

Financial services firms have raised $54.7 billion this year, compared with $25.3 billion at the comparable point last year (Dealogic). Bank Read more...