The deepening Wall Street rout is adding to pressure on U.S. banks, as the retreat of investors from risky assets saddles lenders with securities they are struggling to sell at desired prices. The crunch has been evident in the share prices of the largest U.S. financial firms, which have fallen 30% or more in many cases over the past month. Citigroup Inc. dropped 8.6% on Wednesday, extending its decline to 36%, nearly doubling the drop in the S&P 500.

Source: Wall Street Journal March 12, 2020 00:11 UTC