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Goldman Sachs

Goldman Sachs upgrades Indian banks to ‘neutral’

 Goldman Sachs, an American multinational bulge bracket investment banking firm, has upgraded Indian banks to “neutral” from “cautious” citing favorable risk/reward in public sector bank stock prices, as the gap between state-owned and private banks widens to a 10-year high. The American investment banking firm has upgraded Punjab National Bank (PNB) to “buy” from “neutral”, […] Continue reading →

15 biggest banks downgraded by Moody’s

 Moody’s Investors Service has downgraded the ratings of the 15 biggest banks of the world including Bank of America, J.P. Morgan and Goldman Sachs. Moody’s justifies their rating by saying that they have significant exposure to volatility and capital market risks. Some banks called the Moody’s move backward looking, arbitrary and unwarranted. Continue reading →