The U.S. banking industry finds itself in a spot of bother after major credit rating agencies downgraded multiple banks. This has put banking stocks under pressure lately.
Amid the uncertainty lingering around the stability of the U.S. banking sector, it could be wise to look beyond borders and invest in fundamentally strong foreign banking names KB Financial Group Inc. (KB), Commerzbank AG (CRZBY), and Erste Group Bank AG (EBKDY) as they are insulated from the troubles in the U.S. banking sector.
