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MONDAY, NOVEMBER 23, 2009
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PREMIUM NEWS ARCHIVE

Bank Stocks Rally Again, Up 6%.(Market Monitor)(Brief article)

Article from: American Banker Article date: March 18, 2009 Author: Kuehner-Hebert, Katie

Byline: Katie Kuehner-Hebert

Bank stocks surged Tuesday as news of regulatory reform helped push stocks higher.

The KBW Bank Index closed up 6.11%. Bank struggled to hold onto gains in early morning trading, but picked up steam in the afternoon to close on a strong note.

Stocks rose after the Financial Accounting Standards Board released proposals designed to reduce the scale of other-than-temporary impairment charges and help banks comply with mark-to-market accounting rules.

The Dow Jones industrial average rose ...

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