June 30- Standard& Poor's Ratings Services lowered its credit rating on Puerto Rico to' CCC-minus' from' CCC-plus', hours after Governor Alejandro Garcia Padilla said the U.S. territory needed a period of bankruptcy to restructure its debt. Former IMF staffers-- engaged by Government Development Bank, Puerto Rico's financing arm-- issued a damning report on Sunday...» Read More
CNBC's Ross Westgate reports on all the market moving events from Europe, including whether Moody's will downgrade the country's credit rating to junk status.
Despite the recent run up in big banks, Brennan Hawken, UBS equity analyst, explains why now is the time for investors to move to the sidelines.
CNBC's Hampton Pearson reports if Congress does not reach a budget deal, it could trigger a downgrade by Moody's.
A survey of credit conditions in each of the 50 states found a considerable difference in the credit profiles of the best and worst states.
A year after the S&P downgrade, the debt is still growing, the economy may be even shakier than last year, and Congress faces another wave of policy paralysis.
Morgan Stanley’s big second-quarter earnings miss is a result of abysmal trading results and not a botched initial public offering of Facebook shares.
CNBC's Jane Wells reports on the ripple effect when municipalities file for bankruptcy and the impact on local towns and cities, particularly in California.
When a consumer’s credit score drops, it is hard to recover financially. Wall Street firms could face the same fate. The New York Times reports.
The mass downgrades of major global banks by ratings agency Moody’s Thursday night don’t appear to have caused the downwards market movements one might have expected.
Jamie Dimon faces the Senate Banking Committee; Dick Clark Productions up for sale; Greek bank withdrawals increase ahead of the election; Spain credit rating is slashed; Tim Geithner discusses jobs growth.
Greece and Spain's growing debt problems could become the next big blow to the European markets, as rating agency Egan-Jones downgrades Spain's debt rating into junk territory. Gemma Godfrey, Brooks Macdonald Asset Management, weighs in.
CNBC's Kelly Evans reports European stocks are on track for their biggest weekly decline since November, as fear about Greece and Spain grow and Moody's downgrades 16 Spanish banks, including the euro zone's largest bank, Banco Santander.
Up to 20 of Europe’s top banks will on Wednesday discuss a plan to foil the dominance of the much criticized big three credit agencies at a private meeting of finance directors in Frankfurt. The FT reports.
Barton Biggs, Traxis Partners, discusses his outlook on the markets amid Spain's recent downgrade and a lighter-than-expected GDP number.
Bryan Jordan, First Horizon National CEO, discusses today's downgrade by Morgan Stanley and the outlook for his regional bank, with Mad Money's Jim Cramer.
Standard & Poor's warned on Monday it could lower Japan's sovereign rating if the economy expands less than expected or if public debt continues to grow, as the country's unpopular government struggles to win support for higher taxes.
What impact will a Moody's downgrade have on banks and capital markets? Brad Hintz, Sanford Bernstein research analyst, provides perspective
Amazon shares fell 5% on the heels of a Morgan Stanley downgrade. Is this a buying opportunity for investors? The Fast Money crew has the trade on the tech giant.
Scott Kessler, S&P Capital IQ, discusses his downdgrade of CRM, saying the company faces greater competitive challenges, and trades at nearly a 20% premium to its peers. Despite the downgrade, Salesforce shares are up 30% year-to-date.
Shaw Wu, Stern Agee defends his downgrade on Dell to "underperform" on limited upside potential, and overexposure in the PC market, explaining the company is "fundamentally challenged," with the Fast Money traders.