NEW YORK, Aug 11 (Reuters) - It's hard to overstate the damage that the banking crisis caused financial stocks.
At their peak on June 1, 2007, the stocks in the Standard & Poor's 500 financial sector index had a collective net worth of more than $2.9 trillion, roughly 30 percent greater than that of the next largest group, tech stocks.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!