US bank stocks fall on prospect of tougher oversight, more downgrades By Niket Nishant and Chibuike Oguh August 15, 20231:27 PM EDTUpdated an hour ago
(Reuters) - Shares of U.S. banks dropped on Tuesday as the prospect of tighter regulations and a possible downgrade of several lenders by Fitch Ratings raised investor concerns over the health of the sector. Federal Deposit Insurance Corporation Chairman Martin Gruenberg said in a speech on Monday that the agency planned to propose new rules to overhaul how large regional banks prepare "living wills" - detailed plans on how they would wind up their businesses should they fail.
reuters.com
https://www.reuters.com/markets/us/us-bank-stocks-drop-after-moodys-downgrade-2023-08-08/
(Reuters) - Shares of U.S. banks dropped on Tuesday as the prospect of tighter regulations and a possible downgrade of several lenders by Fitch Ratings raised investor concerns over the health of the sector. Federal Deposit Insurance Corporation Chairman Martin Gruenberg said in a speech on Monday that the agency planned to propose new rules to overhaul how large regional banks prepare "living wills" - detailed plans on how they would wind up their businesses should they fail.
reuters.com
https://www.reuters.com/markets/us/us-bank-stocks-drop-after-moodys-downgrade-2023-08-08/
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