Banks have most to lose from a US default: Standard & Poor's report

united-states-flag-large-jpg

Financial institutions would feel the "greatest impact" from a default on US debt should the White House and Congress fail to raise the debt ceiling by their August 2 deadline, Standard and Poor's said in a report published on Friday.

In a series of reports examining the potential effects of a default on US debt, Standard and Poor's said banks, funds, finance companies, exchanges and clearing houses, broker-dealers and life insurers, particularly those that rely on short-term funding, would be

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: