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Bank stocks drop in Europe over jitters on US bank failure

Fear is gripping Wall Street about what’s next to topple following the second- and third-largest bank failures in U.S. history in recent days. Stocks are falling early Monday and Treasury yields are falling sharply as investors scramble to find someplace safe to park their money. The S&P 500 was 1.1% lower, with the heaviest losses coming from banks. Investors are worried that a relentless rise in interest rates meant to get inflation under control have hit a tipping point and may be cracking the banking system and broader economy. U.S. regulators announced a plan late Sunday meant to shore up the banking industry. ....

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Bank stocks drop in Europe as US bank failure stirs jitters | News, Sports, Jobs

Bank stocks drop in Europe as US bank failure stirs jitters | News, Sports, Jobs
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