Moody's has changed its outlook on the U.S. banking system from stable to negative, writes Prime. The agency notes that its operating environment has deteriorated sharply after the collapse of banks and the mass withdrawal of deposits in them, and expects a decline in the profitability of many banking organizations participating in its rating.

The number of deposits at banks has become excessive in recent years amid soft monetary policies pursued by the U.S. authorities to support the economy during the pandemic crisis. In particular, ultra-low interest rates and fiscal stimulus measures contributed to this. In Moody's point out that a key role in the losses of U.S. banks played a key role in the subsequent rate hike by the Fed - it led to a decline in the value of fixed-income securities with long maturities, and a number of banks, which have already managed to invest customer deposits in them, incurred large losses.