US regional banks fall as tariff rout deepens

Shares of regional U.S. banks fall premarket, extending losses for the third day after President Trump last week announced tariffs on dozens of countries, prompting retaliation from China

The slump in regional bank stocks tracks the broader market, with the S&P 500 index poised to confirm a bear market due to the escalating trade war .N

Banks are expected to take a hit as lower consumer confidence could curb spending and loan demand, while dealmaking and capital markets activity is expected to be weighed by tariff-driven uncertainty

M&T Bank MTB.N, FB Financial FBK.N, Flagstar Financial FLG.N, Comerica CMA.N, Western Alliance WAL.N and Citizens Financial CFG.N fall between 2.4% and 5.3%

KBW Regional Banking Index .KRX has fallen 13.1% since Trump's tariffs announcement