Why Regional Bank Stocks Have Tumbled More Than 35% So Far in 2020

Why Regional Bank Stocks Have Tumbled More Than 35% So Far in 2020

Stocks of several regional banks fell by more than 35% in the first half of 2020, according to data provided by S&P Global Market Intelligence. In the first half of March, the Fed cut the target federal funds interest rate twice: a 50 basis point cut on March 3, followed by a 100 basis point cut on March 15.