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updated: 5/28/2013 10:10 AM

U.S. Banking system upgraded to stable by Moody's as risks fall

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Bloomberg

Moody's Investors Service upgraded its view of the U.S. banking system to "stable" from "negative," citing an improved operating environment and less risk from a weak economy.

Lenders have built capital and reduced costs from bad credit, Moody's said in a statement today.

"Sustained GDP growth and improving employment conditions will help banks protect their now-stronger balance sheets," Sean Jones, co-author of the report, said in the statement.

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