Barclays debt shrugs off more pressure after downgrade
Barclays debt was virtually unmoved on Wednesday after a one-notch downgrade from Standard & Poor’s added to recent pressure from the UK regulator for the bank to meet a 3% liquidity ratio earlier than expected.
S&P downgraded Barclays to A from A+ with a stable, along with identical downgrades on Deutsche Bank and Credit Suisse, in a move reflecting broad concerns about European investment banks’ business models.
S&P was due to hold a live online discussion
on the ratings actions at 2pm
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