Shares of regional banks are hit hard on Tuesday after an inflation reading came in surprisingly strong, raising more concerns about potential fallout to.
It’s not just worries about high interest rates and commercial real estate that are plaguing regional banks in the U.S., according to DataTrek Research.
After 18 months of relentlessly rising borrowing costs, the US economy is accelerating again, begging the question about when or if tightening financial conditions can slow the momentum.
Bank stocks are on pace for yearly losses, but the banking industry's reserves are at the highest level in three decades, according to DBRS Morningstar.