By Ian Smith,Emily Herbert,Kate Duguid
Publication Date: 2026-02-27 15:06:00
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U.S. bank stocks posted their worst selloff since Donald Trump’s tariffs rocked markets in April, as concerns grow about lenders’ exposure to a decline in personal loans triggered by fears of AI disruption.
The KBW banking index, which includes the largest U.S. banks such as JPMorgan, Citi and Bank of America, fell 4.9 percent, the sharpest daily decline since the president’s “Liberation Day” tariff announcements 10 months ago sent Wall Street markets reeling.
Goldman Sachs slipped 7.5 percent, Wells Fargo and Morgan Stanley each lost around 6 percent. Jefferies fell 9.3 percent.
The declines came as U.S. private equity groups that have lent to and are shareholders in software companies continued their weak start to the year.
KKR fell more than 6 percent, Ares fell 5.1 percent, Apollo fell 8.5 percent and Blackstone fell almost 4 percent….
