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.

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