Today: “Citigroup Inc. and Morgan Stanley fell nearly 6 percent. JPMorgan Chase & Co. lost more than 4 percent, the biggest drop among the 30 stocks in the Dow Jones Industrial average.
“If Europe is going to be bring us down it’s going to come through the financial firms,” said J.J. Kinahan, chief derivatives strategist at TD Ameritrade.
A report in The Wall Street Journal also said U.S. regulators will likely force U.S. banks to follow stricter rules to shore up their finances. The new rules are aimed at keeping banks from failing but would pinch profits.” from: http://bit.ly/tC1rol