U.S. bank stocks drop broadly after default by stock fund manager
U.S. bank stocks fell broadly on Monday on news of losses at some global investment banks after a fund’s default, even knocking down shares of domestic lenders generally removed from equity markets. The KBW Nasdaq Bank stock index fell as much as 3.4% before paring losses to 2% at mid-afternoon. Shares of big U.S. banks […]
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