Bank Stocks Suffer Worst Losses In 18 Months
finance Wochit Business
According to Business Insider, bank stocks are entering a bear market. Over the last two trading days, the KBW Bank Index suffered its worst losses in 18 months. With investors continuing to sell off assets in global equity markets, bank stocks have receded as well. Citigroup shares led losses for banks on Dec. 6th, falling up to 6-percent, after the company said it could miss key performance goals and fourth-quarter revenue targets.