Market Insider: August 29, 2023 | Why Are Banks Being Downgraded?

One week after Moody’s downgraded the credit ranking of several banks, an analyst from another firm, Fitch Ratings, warned that Fitch may also be forced to downgrade the rankings of many U.S. banks, including JPMorgan Chase, one of the largest financial institutions in the world. Ongoing concerns in the banking sector have led many consumers to wonder how they might better protect their own savings in such a tumultuous financial climate.

How can consumers protect their portfolios from ongoing issues in the banking system, and which assets could be free from banks’ influence?