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2020-03-10

By the end of the day, US bank shares had chalked up their worst single-session performance since 2009

The four biggest US banks, JPMorgan Chase, Bank of America, Citibank and Wells Fargo all fell between 12 and 16 per cent, destroying some $120bn of market value. 

Investors sent the shares of regional banks in the shale-oil states of Texas and Oklahoma down between 20 and 30 per cent on the day.

FT 10 March 2020


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