Trading was turbulent on Monday as investors digested the latest bank headlines and looked ahead to the next Fed meeting.
In addition to news that UBS Group (UBS) will take over embattled competitor Credit Suisse (CS), reports emerged that JPMorgan Chase (JPM) CEO Jamie Dimon is leading efforts to save beaten-down regional lender First Republic Bank (FRC). Those developments helped lift most bank stocks – although two in particular took notable dives.
