Bank stocks tumbled with the rest of the market Thursday, as unfavorable economic news and questions about bank performance reports stoked investor fears about a near-term interest rate hike and chipped away at confidence in the bigger banks.

Hawkish comments about interest rates from Federal Reserve Governor Edward Kelley and several reports indicating that the economy is surging caused a stampede out of bank stocks. A rash of headlines about money laundering and fraud in U.S. banks also may have contributed to the selling atmosphere.

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