• Moody's has said it is maintaining its negative outlook for the UK banking system

Market news

14 December 2010

Moody's has said it is maintaining its negative outlook for the UK banking system

Moody's has said it is maintaining its negative outlook for the UK banking system based on: the uncertain trajectory of the UK economy and the resulting downside asset-quality risks; the high level of wholesale funding refinancing that is required over the next few years; and the declining systemic support for the banking system from the UK government.
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