Bank Stocks Sink Further Into Correction as Citigroup Tumbles
The benchmark KBW Bank Index shed as much as 2.4% to the lowest intraday since late May in Thursday trading, as investors assessed the impact to the economy and banks’...
By Felice Maranz · Bloomberg Markets
The benchmark KBW Bank Index shed as much as 2.4% to the lowest intraday since late May in Thursday trading, as investors assessed the impact to the economy and banks’ businesses from relentlessly climbing Treasury yields.