Moodys downgrades ten US banks - here's what it means for you

America's banking sector is in a state of flux after ten regional firms had their

Five months after the spectacular collapse of (SVB), the downgradings serve as a reminder that the still has challenges ahead. A further six banks were put on review for a downgrade.

Explaining the decision, Ana Arsov - managing director of financial institutions at Moody's - said: 'What we're doing here is recognizing some headwinds. We're not saying that the banking system is broken.'

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