As Banks Get Downgraded and Americans Scramble to Protect Retirement Accounts With Physical Gold and Silver, A Faith-Based Company Shows Them How
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Banks are under stress.
Reuters just reported:
Shares of several U.S. banks fell on Tuesday, the day after ratings agency S&P Global followed Moody’s in cutting its credit ratings on some regional lenders with high commercial real estate (CRE) exposure.
S&P’s action will make borrowing more costly for a banking sector aiming to recover from a crisis earlier this year, when three regional lenders failed, prompting broader industry turmoil.
“Some of the structural aspects for banks, regarding their balance sheet, remain risks to banks, as the Fed continues to try to anchor inflation with higher rates for longer,” said David Wagner, » READ MORE