What the Latest Bank Downgrades Mean for You

There have been more bank downgrades and rating cuts as the banking industry continues to deal with higher interest rates and shrinking profit margins. Are we on the doorstep of a new banking crisis? What does it mean for you if there is additional banking deterioration?

At this point Moody's and S&P have cut ratings on a number of banks and announced that more cuts may be coming. The Fed raising interest rates has really cut into bank margins as they have had to pay higher deposit costs. Those higher costs are now cutting into profits, resulting in the ratings agencies lowering their outlook for the sector.

Watch our video for our take on what all of this could mean, and how you can best protect your own portfolio from any potential risks.

0:00 Intro
1:06 What is going on with banks
1:44 The Fed raising rates has negatively impacted banks
2:44 Another problem for banks
4:03 What does it mean for you?
4:43 What can you do?

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