Credit rating agency Moody’s downgraded the following banks in an announcement today, saying they “have significant exposure to the volatility and risk of outsized losses inherent to capital markets activities.”

Bank of America

Barclays

Citigroup

Credit Suisse

Goldman Sachs

HSBC

JPMorgan Chase

Morgan Stanley

Royal Bank of Scotland

BNP Paribas

Credit Agricole S.A.

Deutsche Bank

Royal Bank of Canada

Societe Generale

UBS