Bank Stocks Take a Beating, Recession Fear

Declining bank stocks are a bell weather of recession fears, MarketWatch reported August 14. Birmingham-based Regions Financial Corp. was one of the notable declines, down by 3.8 percent. Other big losers were Citigroup, down 5.0 percent; Bank of America Corp., down 4.6 percent and JPMorgan Chase, down 3.8 percent. “Bank stocks traded broadly, and in…

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