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*Moody's slashes outlook on entire U.S. banking system from "stable" to "negative" citing "rapidly deteriorating operating environment"*

In their report, Moody's wrote that it made the move to "reflect the rapid deterioration in the operating environment following deposit runs at Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank (SNY) and the failures of SVB and SNY."

In addition to the downgrade of the entire sector, Moody's warned of six individual institutions which were placed on review for potential downgrades:

First Republic
INTRUST Financial
UMB
Zions Bancorp
Western Alliance
Comerica
Moody's made note all the steps the Fed, Treasury, and FDIC have taken in their non-bailout bailout, yet relayed that widespread concerns still exist as banks with losses and uninsured depositors could still be at risk. Indeed, this was reflected in the market yesterday as smaller bank stocks were ground into dust.

"Banks with substantial unrealized securities losses and with non-retail and uninsured US depositors may still be more sensitive to depositor competition or ultimate flight, with adverse effects on funding, liquidity, earnings and capital," the report said.

https://www.msn.com/en-us/money/markets/moody-s-just-cut-its-outlook-on-the-entire-us-banking-system-to-negative-in-the-wake-of-svb-s-collapse/ar-AA18CcS2 

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