Stocks and bonds move higher after Moodys cuts its ratings on 15 global banks.
By Dakin Campbell and Michael J. Moore, Bloomberg|June 22, 2012 at 05:13 AM
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Downgrades of Morgan Stanley, Credit Suisse Group AG and 13 other global banks, announced by Moody’s Investors Service after months of speculation about dire fallout, were met instead by rallies in stocks and bonds.
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