Finance

Citi, Bank of America Lead Worst Rout Since Regional Bank Crisis

The KBW Bank Index fell as much as 9.1%, on track for its biggest one-day slide since the worst day of the March 2023 regional banking crisis. — The KBW Bank Index fell as much as 9.1%, on track for its biggest one-day slide since the worst day of the March 2023 regional banking crisis.
Photographer: Michael Nagle/Bloomberg

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By Georgie McKay

April 3, 2025 at 3:03 PM UTC

Updated on

April 3, 2025 at 8:05 PM UTC

This article is for subscribers only.

Big bank stocks posted their worst daily performance since the regional banking crisis after US President Donald Trump’s barrage of new tariffs roiled global equity markets.

The KBW Bank Index closed 9.9% lower, its biggest one-day slide since the worst day of the March 2023 regional banking crisis. Shares of Citigroup Inc. led declines among the big six banks plunging 12%, the most since June 2020.