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Barclays, RBS, and Lloyds downgraded

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Royal Bank of Scotland, Barclays and Lloyds were downgraded by ratings agency Standard & Poor's on Tuesday amid fears the UK government will refuse to offer them financial support in the event of another crisis.

Lloyd's probe under investigation in New York

Pile Of Coins

A New York regulatory investigation of Lloyd’s for possible violations of Iran sanctions law has led to a government request for files of an internal probe by the insurer, a person familiar with the matter said.

'Fund manager of decade': Buy European banks

European Union

For those with the stomach for risk, the best return in the world may come from the troubled euro region because credit risk has bottomed and the region's recovery is for real, according to David Herro, Morningstar's international fund manager of the decade.

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Barclays Sign

Barclays, RBS, and Lloyds downgraded

Royal Bank of Scotland, Barclays and Lloyds were downgraded by ratings agency Standard & Poor's on Tuesday amid fears the UK government will refuse to offer them financial support in the event of another crisis.