Cleveland, OH
Moody’s gives ‘negative outlook’ to PNC, Citizens, Fifth Third, Huntington banks. But what does that mean?
CLEVELAND, Ohio — A nationally recognized investing agency said it has a “negative outlook” on several banks, including PNC, Huntington, Fifth Third and Citizens. And it lowered credit ratings for 10 other U.S. banks. But what does that mean for the average consumer?
While this news may sound like a bad omen, it shouldn’t be, explained Lakshmi Balasubramanyan, an assistant professor of banking and finance at Case Western Reserve University.