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Growing Regulatory Concerns Push US Bank Stocks Downward

The stocks of US banks stumbled today (Tuesday) amidst fears of stricter regulations and possible additional downgrade of several lenders in the country. Specifically, the S&P 500 Banking Index, which tracks the performance of major banking companies, slumped by approximately 3%, according to market data from Reuters and CNBC. US Bank Stocks Hit by Double WhammyAccording to Reuters, the decline is the lowest in a month. The outlet noted that the shares of JPMorgan Chase saw one of the biggest fa... Read More

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Content Topics

Growing

Regulatory

Concerns

Push

Bank

Stocks

Downward

Forex

Posted: Aug 15 2023, 22:48

Author Name: financemagnates

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