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Prominent U.S. banks face credit downgrade by Fitch
There’s increasing concern in the U.S. banking sector regarding potential downgrades to their credit ratings, with even prominent institutions like J.P. Morgan Chase potentially affected, according to Fitch Ratings analyst Chris Wolfe during a CNBC appearance. In June, Fitch adjusted the U.S. banking sector’s operational environment score from “AA” to “AA-” due to a combination […]
European Commission Calls for Ukraine EU Membership Talks
The European Commission has urged the European Council to start talks regarding Ukraine’s membership in the European Union. This step also includes Moldova and Bosnia-Herzegovina. The Commission proposed that Georgia should receive candidate status for EU entry. This suggestion signifies a key advancement for Ukraine, which has sought closer ties with Western entities for over […]