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Bank Stocks Sink Past SVB Crisis Lows as Rates Upend Business

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An index of the largest US bank stocks fell below the level hit just after the collapse of First Republic Bank in May as the sector grapples with higher interest rates that have dimmed earnings prospects.

S&P 500 extends drop from its July peak to 10%Brazil Unlikely to Hit 2024 Zero-Deficit Target, Lula SaysIsrael Latest: Troops Again Enter Gaza For Limited RaidPemex Profit Falls, Complicating Debt-Reduction EffortIntel Jumps After Upbeat Forecast Shows Comeback Is UnderwayRithm Boosts Bid for Sculptor to $12.70, Wins Dan Och’s SupportWorld-Beating Emerging-Market Fund Buys Argentina Province Bonds Before ElectionHasbro, Mattel Darken Already Gloomy Holiday Shopping OutlookOct.

5 Billion From Deal Value for Hess HoldersBrazil Is Older Than Ever in Rising Threat to Limping EconomyChevron Prioritizes Israeli Gas Deliveries During War, CFO SaysConsumers overestimating how low, and how fast, interest rates will fall: economistsIndians still want to move to Canada despite growing anxiety over political tensionsCanada facing 'stagflation' risk: former Bank of Canada officialMajor drink brands launch more non-alcoholic drinks as 'sober curious' trend...

 

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