S&P Global Just Downgraded These 5 Banks. Here's What Investors Should Know.
Regional banks have faced challenges from rising interest rates and deposit outflows, and these difficult operating conditions became apparent in March when SVB Financial's Silicon Valley Bank failed. Since then, three other banks have gone under -- Signature Bank, First Republic Bank, and Heartland Tri-State Bank.
Two weeks ago, Moody's downgraded several regional banks. Last week, S&P Global followed suit, downgrading five more amid a challenging operating environment for banks. Read on to see what banks S&P Global downgraded and what you should know before investing in the banking sector right now.
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Source Fool.com