CNBC: Fitch could downgrade several banks, including JPMorgan
NEW YORK CITY, New York: Fitch Ratings could downgrade several US banks, including JPMorgan Chase, as it further reduces its assessment of the industry's operating environment, according to CNBC.
Amid pressure on the overall US credit rating, regulatory issues and uncertainty about future interest rate hikes, in June Fitch lowered the score of the US banking industry's "operating environment" to AA- from AA.