Citigroup and Bank of America may be “too big to fail,” but the credit agencies aren’t counting on another bailout: Standard & Poor’s warned on Monday revised its outlook for the two banks from stable to negative, meaning there’s a one-in-three chance it will downgrade their credit ratings over the next six months to two years. The impetus is fears that, with financial regulation coming, the U.S. will be less willing to bail the banks out when the next crisis comes rolling around.
Read it at Financial Times
