Losses on commercial real estate loans pose the biggest risk to U.S. banks this year, troubling smaller lenders while unlikely to threaten the entire financial system, U.S. bank examiners concluded during a review.
Greeceâ??s rating was lowered to A2 from A1, Moodyâ??s said in a statement from London today. That left it five steps above non-investment grade and two higher than the levels assigned to it by Standard & Poorâ??s and Fitch Ratings. The rating is the lowest among the 16 euro-member states and the same as that of Poland and Botswana.
Fannie Mae and Freddie Macâ??s federal regulator is renegotiating the companiesâ?? financing plan with the U.S. Treasury Department and may seek an increase to their $400bn federal lifeline before the end of the year, Bloomberg reports.