Moody’s: 5 big U.S. banks face downgrade

Moody’s is placing under review the long-term ratings and credit assessments of Bank of America (BAC, Fortune 500), Citigroup (C, Fortune 500), Goldman Sachs (GS, Fortune 500), JPMorgan Chase (JPM, Fortune 500), Morgan Stanley (MS, Fortune 500), as well as the Royal Bank of Canada. All except JPMorgan Chase and Royal Bank of Canada are having some or all short-term ratings reviewed.

The European banks that are part of both reviews include Barclays (BCS), BNP Paribas, Deutsche Bank (DB), HSBC (HBC), the Royal Bank of Scotland and Societe Generale.

NEW YORK (CNNMoney) — Five big U.S. banks were among 17 global institutions placed under review for downgrades Thursday by the rating agency Moody’s, reflecting the ongoing economic pressures from Europe’s fiscal crisis.

Separately, Moody’s placed 114 European institutions under review, including nine that are subject to the review of global banks.

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