Moody’s Downgrades US Banks, Warns of Possible Cuts to Others

Moody’s cut credit ratings of several small to mid-sized U.S. banks on Monday and said it may downgrade some of the nation’s biggest lenders, warning that the sector’s credit strength will likely be tested by funding risks and weaker profitability.

Iran gets ready for first parliamentary elections since nationwide protests

For the first time since extended nationwide anti-government protests were triggered in Iran last year, the Iranian Islamic Republic is preparing to hold new parliamentary elections in March 2024, the Associated Press reports. Iranian authorities began registering electoral candidates for the 290-seat parliament on Monday.

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