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Bank stocks led the decline Wednesday as the inversion of the yield curve is seen making it harder for banks traditional business model to work when short term borrowing costs are higher than longer term lending rates.
Bank of America BAC, -4.69%, Citigroup CITI, -5.40% and J.P. Morgan JPM, -4.15% all ended sharply lower.
Für ihre Untersuchungen von Donald Trumps Finanzgeschäften fordern Abgeordnete Informationen von der Deutschen Bank. Das Institut galt einst als Hausbank des Präsidenten.
The two committees that issued the subpoena, the House’s Intelligence and Financial Services committees, also demanded documents from numerous other financial institutions, including JPMorgan Chase, Bank of America and Citigroup, related to possible money-laundering by people in Russia and Eastern Europe, according to three people with knowledge of the investigation.