Congressional Democrats and the Obama administration say their proposals are aimed at heading off any recurrence of the near collapse of the financial system in 2008.
Moody's said 17 of the 70 banks it rates have higher ratings because analysts assume a government safety net exists. The ratings agency said it likely will reduce its support assumptions for some banks if reform passes.
The banks that currently get a ratings lift from the "too big to fail" assumption are: Bank Of America Corp., Citigroup Inc., Wells Fargo & Co., Bank of New York Mellon Corp., JPMorgan Chase & Co., Morgan Stanley, Regions Financial Corp., SunTrust Banks Inc., BB&T Corp., Capital One Financial Corp., Fifth Third Bancorp, Goldman Sachs Group Inc., KeyCorp, PNC Financial Services Group Inc., State Street Corp., US Bancorp, and Zions Bancorp.
All but SunTrust were trading lower Tuesday as the broader markets also tumbled on fears that Europe's debt problems are spreading.
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