Ten regional banks have had their credit ratings slashed by risk assessment firm Moody's - which warned it was considering downgrading another six.Major lenders Bank of New York Mellon, U.S. Bancorp, State Street and Truist Financial, Cullen/Frost Bankers and Northern Trust are now under review, and the agency also assigned a negative outlook to 11 further banks, including major institutions Capital One and Citizens Financial.Bank stocks fell this morning following the announcement, which renewed fears about the health of the US banking sector amid increased interest rates and recent failures.
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