U.S.-listed European banks stage big rally
It will also set aside a $375 million provision for mortgage repurchase losses and transfer about $3 billion of loans in a bid to improve its risk profile.The Financial Select Sector SPDR ETF (US:XLF), which tracks the financial stocks in the SP 500 index (US:SPX)(US:SPX) rose 1.2%, largely reflecting the widespread bank-share gains.The KBW Bank ETF (US:KBE) added 1% and the SP Regional Banking ETF (US:KRE) gained 1.2%.Within the Dow Jones Industrial Average (US:DJIA), the trend among financial Read more [...]