Asian banks fall after BofA warns of weaker trading, dealmaking revenue
Asian bank stocks fell Tuesday, led by Japanese lenders, after Bank of America warned of weaker trading and investment-banking revenue in Q3, citing a likely 10% drop in fees to $1.6B-$1.8B. Rising bond yields and rate hike expectations added pressure. U.S. financial stocks also declined Monday, with BofA down 5.1% and the KBW Bank Index falling 1.9%.

