Moody’s Ratings Downgrade of US Banks

Moody’s Ratings cut deposit ratings for major banks like Bank of America and JPMorgan Chase due to US downgrade, citing weakened government support. The downgrade of the US government’s rating indicates less ability to support highly-rated obligations.

US Bank Branch Closures in 2025

Major US banks have shut down over 100 locations in just three weeks, with closures expected to continue throughout 2025. Experts predict a 4.11% decrease by the end of the year. Despite the shift towards online banking, many Americans still prefer in-person banking services.