US banks have become the most unloved sector in the stock market rally, as low interest rates and souring loans reflect the economic pain caused by coronavirus.
The KBW Bank Index is down about 45 per cent this year, wiping a combined $795bn in equity value from its 24 constituents, which include
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```