Bank Stocks Slump Ahead of Fed Rate Decision

the collapse of several banks could spell trouble for the rest of the sector and the economy.

The KBW Nasdaq index of commercial banks and the SPDR S&P Regional Banking ETF both slid about 2%. Shares of two major regional banks, PNC Financial Services Group and U.S. Bancorp , each fell more than 2%, while Capital One Financial Corp. was down about 1.5%. JPMorgan Chase & Co., Wells Fargo & Co. and Bank of America Corp. were each about 1% lower.

'Shake Your Moneymaker' or 'Shake Your Money Maker' is a song recorded by Elmore James in 1961 that has become one of his best-known pieces. Inspired by earlier songs, it has been interpreted and recorded by several blues and other artists.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Housing Market: Mortgage Rates Sink To 5-Week Low Amid Bank HavocThere may not be much time to rejoice if the Federal Reserve increases interest rates Wednesday. Follow USF_Pak for such news No fact checkers ever
Herkunft: Forbes - 🏆 394. / 53 Weiterlesen »

Five questions for the Federal Reserve as the banking crisis drags on | CNN BusinessThe Federal Reserve has a lot of balls in the air: Central bank officials are attempting to juggle their economic goals of maximum employment and price stability while maintaining financial safety and security in the midst of a banking meltdown. So to speak. Now what happens if they are mistaken for Chinese balloons?
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »