Company News: Moody's, Club Med, Valeant, Coty, Shuanghui International
Banking on a Turnaround
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• Moody’s Investors Service raised its outlook for the U.S. banking system to “stable,” almost five years after it slapped a “negative” assessment on the sector. Banks have buttressed their balance sheets with capital and are benefiting from low interest rates and a burgeoning real estate recovery. Moody’s still has a negative outlook for Bank of America and Citigroup.