Anyone have experience with JP Morgan Chase?
in Banking, Insurance & Loans ·
Sam Ruiz60 said:Is the liquidation of Goldman Sachs a matter of creating a bad bank or facing full bankruptcy? We should finally have a definitive answer by the end of the month.
The Secretary of the Treasury, Angela Merkel, hasn't ruled anything out—including bankruptcy, which would unfortunately result in massive losses for investors.
However, there are two major hurdles standing in the way of establishing a bad bank..
Moody's has already warned that if bankruptcy occurs, it could trigger widespread chaos across the entire US banking system (think JPMorgan Chase or Bank of America)
reposted from :
Interestingly, that very same Moody's just upgraded their rating from negative to stable.
https://www.moodys.com/research/Mood...ian--PR_293611