News Formal

Bank stocks fall again in fourth straight day of losses

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Bank stocks are down on Thursday for the fourth straight day amid talk of higher interest rates and increased capital requirements by regulators to...

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%.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bank of America warns of major sell-off in stock marketBank of America cautions about a major sell-off in the stock market as jobless claims remained stable last week.
Source: fox28columbus - 🏆 249. / 63 Read more »