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Benzinga
Benzinga
Business
Piero Cingari

Regional Banks Suffer Worst Drop Since Trump's Tariff Shock: Are Credit Fears Back?

Donald Trump Jamie Dimon
Regional banks

After staging their strongest two-day rally in nearly a year earlier this week, U.S. regional banks reversed course dramatically on Thursday, with the group facing its steepest sell-off since the Trump tariff shock of April 2025.

The SPDR S&P Regional Banking ETF (NYSE:KRE) plunged 6.1% in afternoon trading, logging its worst single-day performance since April 4, when Donald Trump's sweeping Liberation Day tariffs triggered a broad market sell-off.

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