Major UK banks downgraded by Moody's

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Royal Bank of Scotland, Barclays and HSBC were among the list of the world's biggest banks to be downgraded by Credit rating agency Moody's last night.

While in the US, Bank of America, Citigroup, Goldman Sachs and JP Morgan also had their credit ratings cut.   Moody's said the 15 banks affected by the rating actions have significant exposure to...

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