Key Points
Shares on Wall Street tumbled in premarket trading Friday as worries flared over turmoil in the banking sector and potentially worsening risks of recession...
Most U.S. bank stocks fell between 2% and 4%, dragged down by Deutsche Bank, which fell more than 10% on reports that the company was facing higher costs for insuring itself against default...
Shares in the troubled First Republic Bank slid another 5% early Friday, while KeyCorp, PNC and M&T all fell more than 2%...
Regional banks' shares in Asia were modestly lower Friday, with HSBC Holdings plc losing 2.9% in Hong Kong while mid-sized Japanese bank Resona Holdings declined 2.6%...
Shares in Japanese energy and electronics company Toshiba Corp. gained 4.2% after it announced late Thursday that it had accepted a $15 billion tender offer from a buyout fund made up of the nations major banks and companies..
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