Bank stocks are down on Thursday for the fourth straight day amid talk of higher interest rates and increased capital requirements by regulators to strengthen the banking system. Eighty-eight out of 89 components of the SPDR S&P Bank ETF KBE are down, while the overall index is lower by 2.4%. One-hundred thirty-eight out of 139 components of the SPDR S&P Regional Banking Index KRE are down while the overall index is lower by 2.7%.
Bank stocks are down on Thursday for the fourth straight day amid talk of higher interest rates and increased capital requirements by regulators to strengthen the banking system. Eighty-eight out of 89 components of the SPDR S&P Bank ETF KBE are down, while the overall index is lower by 2.4%. One-hundred thirty-eight out of 139 components of the SPDR S&P Regional Banking Index KRE are down while the overall index is lower by 2.7%.
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