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Moody's downgrades outlook on UK banks to negative
August 5, 2014 / 10:07 AM / 3 years ago

Moody's downgrades outlook on UK banks to negative

LONDON, Aug 5 (Reuters) - Moody’s Investors Service has revised down its outlook on British banks, citing new regulations designed to prevent taxpayers having to stump up funds to rescue failing banks.

Moody’s said on Tuesday it had downgraded its view of the sector to ‘negative’ from ‘stable’. It also raised concerns over British banks’ continued exposure to litigation and misconduct charges.

Reporting by Matt Scuffham; Editing by Steve Slater

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