NEW YORK--(BUSINESS WIRE)-- Fitch Ratings will host a teleconference on Thursday, October 11 at 10 a.m. ET / 3 p.m. London time to discuss its rating actions and outlook for its global trading and universal bank (GTUB) portfolio. This teleconference follows Fitch's affirmation of the ratings for 12 banks in this group.
-- Date and Time: Thursday, Oct. 11, 10 a.m. ET / 3 p.m. London
-- North America Dial-In: +1 877-467-8597
-- EMEA / Asia Dial-In: +1 706-643-6296
-- Conference ID: #40180088
There will be a Q&A session following the analysts' prepared remarks.
Fitch established the GTUB peer group in October 2011 as part of a broad assessment of the largest financial institutions in the world. The GTUBs comprise a group of 13 large, complex, securities trading and universal banks. Twelve of the 13 have been part of this review and the remaining banking group, HSBC Holdings PLC, will be reviewed during the next two months.
Fitch affirmed the ratings of all 12 banks and published separate commentaries on each. These are: Bank of America, Barclays, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan Chase, Morgan Stanley, Royal Bank of Scotland, Societe Generale and UBS.
Press releases for each of the 12 banks and an accompanying special report are available at 'www.fitchratings.com.'
Additional information is available at 'www.fitchratings.com'.
Brian Bertsch, +1 212-908-0549
One State Street, NY, NY 10004
Source: Fitch Ratings