US regional banks fall as China retaliates to Trump's tariffs
ReutersApr 4, 2025 2:16 PM
Shares of U.S. regional banks fell in morning trade amid a global stock rout prompted by China's retaliation to President Donald Trump's reciprocal tariffs
Regional banks Fifth Third Bancorp FITB.O, M&T Bank MTB.N and Keycorp KEY.N fall 5.6%, 4.5% and 7.2% respectively
Comerica CMA.N falls 6.6% and Western Alliance WAL.N slumps 10.1%
JPMorgan Chase said it now sees a 60% chance of the global economy entering recession by year-end, up from 40% previously
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