Client login

‘Tis the season to be downgraded, Fa-La-La-La-La, La La La La

Ratings agency Fitch has downgraded six of the world’s largest banks, blaming the challenging global financial markets. The banks, including Goldman Sachs in the US, Bank of America, Barclays, BNP Paribas, Credit Suisse and Deutsche Bank, were downgraded on the issuer default ratings which are based on their ability to meet financial commitments on a timely basis and have been affected by their holdings of eurozone debt.

And in the other news…

While the world’s focus has understandably been on the eurozone brouhaha for the past week, a number of significant developments have happened in the rest of the world.

In the US, the Federal Reserve has left the target interest rate at 0.25%, suggesting that the economy is expanding moderately as global growth slows. Consumer sentiment appears to have improved along with spending, and Ben

Let it snow

With Halloween tonight, many Americans will be planning to party. Few will have reckoned on the snow that has fallen throughout New England and down the East Coast of the US. This has added a stunning extra visual dimension to the fall leaves but on a more sinister note has left nine people dead and an estimated three million homes without power.