Bank stocks fall the most since June 2016, enter bear market
The SPDR S&P Regional Banking ETF lost 5.3 percent and fell into bear market territory, more than 20 percent off its all-time high notched in June. Shares of SunTrust, Citizens Financial Group, Fifth Third Bancorp and Regions Financial all fell more than 5 percent in afternoon trading. Larger national banks including Bank of America, Morgan Stanley and Citigroup all dropped more than 4 percent.