Bad Banks

Moody's is concerned about America's banks. And Italy will be making a withdrawal from its domestic lenders. Suffice to say financials ran up against adverse headlines on Tuesday. The situation was acute enough to weigh on broader markets, although the drag could ultimately prove fleeting. Moody's cited "several sources of strain" for a slew of downgrades across the US banking sector. The rationales mentioned "funding pressures, regulatory capital weaknesses and rising risks associated with co