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Fitch Places 9 US Banks On Negative Watch

Stock quotes in this article: BBT , BPOP , DFS , FITB , KEY , MTB , RF , STI , WFC  

CHICAGO (AP) — Fitch Ratings on Friday place nine U.S. banks on a negative watch after it determined the institutions have vulnerability to continued credit deterioration.

Six of the nine banks — BB&T Corp., Fifth Third Bancorp, KeyCorp, Regions Financial Corp., SunTrust Banks Inc. and Wells Fargo & Co. — were among the 19 financial institutions that underwent stress tests by the government in recent weeks to determine their potential capital needs if the economy worsens.

Discover Financial Services, M&T Bank Corp. and Popular Inc. are the other three. ...

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