US banking industry grapples with credit rating cuts and rising consumer debt amid interest rate hikes

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US banking industry grapples with credit rating cuts and rising consumer debt amid interest rate hikes
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Moody's cut the credit rating of several U.S. banks on Monday and said it may downgrade some of the nation's bigger lenders.

The health of the nation's banks is back in focus following news that Moody's downgraded 10 U.S. banks and put others on notice.

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