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Moody's said that US banks' second....>

US CORPORATES
US CORPORATES: Moody's said that US banks' second quarter was "highlighted by
higher profitability, loosening consumer underwriting standards, and slow moving
regulatory reform." David Fanger, a Moody's Senior Vice President noted
"weakness in fixed income, currencies, and commodities (FICC) trading at global
investment banks was generally offset by strength in other businesses." 
- He said "capital markets revenues retrenched from a strong first quarter,
driven mainly by renewed weakness in FICC." He added "higher short-term interest
rates provided less of a boost in the quarter, but remained a positive lift for
Bank of America and JPMorgan Chase versus a year ago period. As well, higher
equity market valuations boosted asset management and wealth management
results."
- He said "while capital ratios at the banks are strong, there is an expectation
for a decline, more broadly, owing to higher payouts via dividends and share
buybacks."

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