U.S. banks face contagion from Euro zone

Filed under: AM Roundup |

The creditworthiness of U.S. banks is at risk because of problem in Europe, reports Bloomberg.

Fitch Ratings said the fear of contagion is rising here – and could grow worse if a solution to the crisis isn’t reached soon.

The country’s six biggest banks have $50 billion in risk tied to the troubled nations of Greece, Italy, Portugal and Spain.

Read more at Bloomberg.