UK banks
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Ratings agency downgrades UK banks

The credit ratings agency Moody's has downgraded 15 global banks and financial institutions.

The UK banks downgraded were Royal Bank of Scotland, Barclays and HSBC. Lloyds also had its rating cut by Moody's in a separate announcement.

The BBC's business editor, Robert Peston, reports.

  • 22 Jun 2012