BRIEF-Moody's downgrades the supported ratings of Spanish banks' North American bank subsidiaries; all ratings on review for downgrade
June 28 - Moody's downgrades the supported ratings of Spanish banks' North American bank subsidiaries; all ratings on review for downgrade
WRAPUP 1-Merkel to face down summit pleas for crisis action
* Merkel says budget control must come before debt sharing
Fed's Lockhart - not time for the bigger guns yet
WASHINGTON, June 27 - The Federal Reserve would only likely launch another full-on round of bond buying if the economy took a turn for the worse or if Europe's problems flared out of control, a top policymaker said on Wednesday.
UPDATE 3-Bernard Madoff's brother to plead guilty, US says
June 27 - Peter Madoff, the brother of imprisoned swindler Bernard Madoff, is expected to plead guilty to criminal charges on Friday, the first family member to do so since the Ponzi schemer's fraud was uncovered in December 2008.
UPDATE 1-Moody's cuts Stockton, California's various ratings to Caa3
NEW YORK, June 27 - Moody's Investors Service on Wednesday cut to Caa3 various general fund-supported debts of the City of Stockton, California, citing the city's announcement that it likely will file for bankruptcy after talks with its creditors failed.
BRIEF-Moody's downgrades to Aa3 from Aa2 the underlying rating for Lake Shore Public Schools' (MI) general obligation debt
June 28 - Moody's downgrades to Aa3 from Aa2 the underlying rating for Lake Shore Public Schools' (MI) general obligation debt
BRIEF-Moody's upgrades two classes and affirms four classes of N-Star Real Estate CDO I, Ltd.
June 28 - Moody's upgrades two classes and affirms four classes of N-Star Real Estate CDO I, Ltd.
BRIEF-Moody's Upgrades Two and Affirms Three Classes of Talmage Structured Real Estate Funding 2005-2, Ltd.
June 28 - Moody's Upgrades Two and Affirms Three Classes of Talmage Structured Real Estate Funding 2005-2, Ltd.
Barclays Libor fix trail leads to senior managers
LONDON, June 27 - Senior Barclays managers were worried over negative headlines during the financial crisis and contributed to a culture that fixed key funding rates artificially low, U.S. and UK regulators said in reaching a settlement with the bank.
TEXT-Fitch Rates New York City Transitional Finance Authority Bank Bonds 'AAA'; Outlook Stable
NEW YORK, June 27 (Fitch) Fitch Ratings has assigned an 'AAA' rating to the bank bonds corresponding to the following series of New York City Transitional Finance Authority (TFA) subordinated future tax secured bonds:
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