Citigroup, Bank of America Fall as Financial Stocks Resume Slide

Bank of America Corp. and Citigroup Inc. posted new declines as U.S. lenders resumed their slide, pushed lower by concern about Europe’s debt crisis and a weak domestic economy.

Citigroup was the worst performer in the 24-company KBW Bank Index, falling $3.31, or 10 percent, to $28.51 at 10:47 a.m. in New York Stock Exchange composite trading. The index dropped 6.3 percent with Bank of America, the nation’s largest lender by assets, declining 8.4 percent, and Regions Financial Corp., Comerica Inc. and SunTrust Banks Inc. each down more than 8 percent.