US regional banks fall as China retaliates to Trump's tariffs

M&T Bank

04/04/2025 15:16

Updates

   ** Shares of U.S. regional banks fell in morning trade amid a global stock rout prompted by China's retaliation to President Donald Trump's reciprocal tariffs

   ** Regional banks Fifth Third Bancorp FITB.O, M&T Bank MTB.N and Keycorp KEY.N fall 5.6%, 4.5% and 7.2% respectively

 ** Comerica CMA.N falls 6.6% and Western Alliance WAL.N slumps 10.1%

   ** JPMorgan Chase said it now sees a 60% chance of the global economy entering recession by year-end, up from 40% previously

 (Reporting by Jaiveer Singh Shekhawat and Pritam Biswas in Bengaluru)

 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))