Reported 28 days ago
U.S. bank stocks continued to fall as executives highlighted concerns over a slower recovery in investment banking and reduced interest income due to potential rate cuts. This downturn reflects investor anxiety about the banking industry's resilience amidst broader economic challenges, as banks like JPMorgan, Citigroup, and Bank of America saw notable declines. The cautious outlook from bank leaders overshadowed more optimistic remarks from the Federal Reserve regarding capital requirements.
Source: YAHOO