Fitch Downgrades Four Big European Banks

Fitch Ratings has downgraded the long-term ratings on Barclays and Credit Suisse by two notches, and BNP Paribas and Deutsche Bank by one. In addition, Fitch lowered by one-notch the ratings on three U.S. banks—Bank of America, Citigroup and Goldman Sachs. Click here to read the story from Reuters.