{"id":57386,"date":"2013-07-03T09:45:25","date_gmt":"2013-07-03T09:45:25","guid":{"rendered":"https:\/\/armbanks.am\/2013\/07\/03\/238829\/"},"modified":"2024-12-15T13:05:43","modified_gmt":"2024-12-15T13:05:43","slug":"sp-cuts-ratings-of-credit-suisse-barclays-deutsche-bank-cnbc","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2013\/07\/03\/57386\/","title":{"rendered":"S&#038;P cuts ratings of credit Suisse, Barclays, Deutsche bank : CNBC"},"content":{"rendered":"<p><strong>YEREVAN, July 3.\/ARKA\/.<\/strong> Standard &amp; Poor&#8217;s announced Tuesday that it is cutting the credit ratings of three major European banks: Credit Suisse, Barclays and Deutsche Bank, CNBC reports.<br \/>\nThe ratings agency downgraded all three banks to A from A+ citing greater regulation and uncertain market conditions.<\/p>\n<p>In a statement, S&amp;P said the ratings action was due to &#8220;increasing risks that Europe&#8217;s large banking groups active in investment banking face as regulators and uncertain market conditions continue to make operating in the industry more difficult.&#8221;<\/p>\n<p>The ratings agency also affirmed the A\/A-1 long- and short-term ratings on Swiss bank UBS.<br \/>\nS&amp;P&#8217;s outlooks on all these banks are stable.<\/p>\n<p>&#8220;It&#8217;s really difficult to run a global bank right now,&#8221; said Jim Antos, a bank analyst at Mizuho Securities Asia.<\/p>\n<p>&#8220;They are criticized because the regulations are too tough on them and if we didn&#8217;t have the tougher rules, the ratings agencies would still downgrade the big banks because they would be viewed as not being prudently run,&#8221; he told CNBC Asia&#8217;s &#8220;Cash Flow&#8221; on Wednesday. &#8220;This is a no win situation.&#8221;<br \/>\nBanks globally are facing tighter regulations and the U.S. Federal Reserve said on Tuesday that U.S. banks should expect a range of new rules on top of the Basel III requirements on capital.\u20140-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Standard &#038; Poor&#8217;s announced Tuesday that it is cutting the credit ratings of three major European banks: Credit Suisse, Barclays and Deutsche Bank, CNBC reports<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[15899,13447,15716,15698,13448],"class_list":{"0":"post-57386","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy-en","7":"category-news","8":"tag-barclays-2","9":"tag-cnbc","10":"tag-deutsche-2","11":"tag-sp-3","12":"tag-suisse"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/57386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=57386"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/57386\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=57386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=57386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=57386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}