Banking shares slide as regulatory pressures mount
Edited By WION Video Desk
Published: Jun 25, 2023, 19:45 IST | Updated: Jun 25, 2023, 19:45 IST
US bank stocks had been on a promising path to recovery, bouncing back from their recent slump. However, this week, they faced a setback as regulatory challenges emerged as formidable obstacles. The KBW bank index and KBW regional banking index experienced their worst weeks since early may, sending shockwaves through the market. With the federal reserve contemplating higher capital requirements for major lenders, and the impending release of results from the annual fed stress test, uncertainty looms over the banking sector.
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