Moody's Downgrades UBS Ratings

Moody's Investors Service downgraded various ratings on Swiss bank UBS AG, citing challenges in its investment-banking and wealth-management businesses.

Moody's lowered the bank financial strength rating two notches to C and the long-term debt and deposit ratings one notch to Aa3, four steps below the top AAA rating. The ratings outlook is negative, meaning further downgrades are possible.

WSJ Logo
JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions