Bank Stocks Stumble on Triple Threat of Taxes, Election and Yields
- KBW Bank Index’s three-day slide is more than 3 percent
- Flattening yield curve hurts interest income projections
The Takeaways From This Quarter's European Bank Earnings
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The bad news for bank shares keeps coming.
The KBW Bank Index headed for its worst week in a month Wednesday after Democratic victories in Virginia and elsewhere stoked concern that Republicans will have trouble passing corporate tax cuts. Even before the polls closed Tuesday, concern had been mounting among the bill’s supporters that a House version of the plan would falter in the Senate.