Banks: Getting Smashed Again

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The Dow is off 100, And all 10 S&P sectors are down today.The worst sector is the financials, which is off over 2%.

All your old troublemakers are showing up.

  • Bank of America -4.96%
  • Citigroup: -5.82%
  • Morgan Stanley: -5.13%
  • Goldman: -2.38%

Meanwhile in Bank of America news, there’s a report that the garage sale is continuing.

The FT reported (via the Bloomberg Terminal, no link available yet) that it’s in talks to sell some Merrill assets to Blackstone.