Regional Bank Stocks Tumble in Volatile Trading

Shares of major US regional lenders, including Comerica, Fifth Third Bancorp, and KeyCorp, fell between 1% and 2% in early trading on Friday, highlighting the sector's volatile status quo as concerns of a deepening banking crisis rattled investors. The KBW Regional Banking index has fallen nearly 14% so far this month. The Federal Deposit Insurance Corporation (FDIC) said on Thursday it will charge lenders with a special assessment fee of 0.125% on uninsured deposits in excess of $5 billion. Charles Schwab shares were up 2.5% after the banking and brokerage firm said that so far in May, it had seen fewer clients move their funds away from its accounts to other high-yield products.