Becker warns anew on market impact | NAFCU

June 25, 2012 – NAFCU President and CEO Fred Becker emphasized the need for credit unions to keep an eye on market pressures, particularly in light of Moody’s downgrade of 15 of the world’s largest banks, during a live video presentation Friday for an XCEL FCU planning session.

Moody’s released the ratings downgrades Thursday, and they affect five of the six largest banks in the U.S. Reuters reported that the ratings “gave a competitive advantage to ‘safe-haven’ banks that fund themselves with stable, low-cost customer deposits, while worsening the outlook for weaker banks that rely more on capital markets for their funding.”............Becker warns anew on market impact | NAFCU

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