U.S. bank stocks tumble for worst month since SVB sparked crisis

Investors have been reticent about piling back into an industry that’s facing increasing regulation and deposit costs, as well as a potential weakening in credit, particularly for office real estate. August also brought fresh worries as credit agencies downgraded a swath of lenders and expectations around the“We’re slowly getting clarity, but there are just so many of these things that are going to take a while before, in the aggregate, investors are really comfortable,” said Piper Sandler Cos.

“Ideally we get better roadmaps at the individual company level as to how these banks intend to respond to some of these regulatory interventions,” Siefers said. , the KBW Bank Index remains down roughly 19 per cent on the year, a sharp underperformance compared to the S&P 500’s gain of 17 per cent.Article content

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HSBC Names Saudi Investment Bank Co-Heads Amid Pick-Up in DealsHSBC Holdings Plc’s Saudi Arabia unit named two new managing directors and co-heads of investment banking, as global lenders increasingly compete for a slice of deals stemming from the Gulf nation’s bid to transform its economy.
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