Hibernia Corp.'s stock dropped 2.8% Monday after the New Orleans-based banking company reported a worsening of its bad-loan problems.

Earlier this year Hibernia warned investors that its non-performing- asset difficulties would accelerate before getting better, but Monday's news still discouraged many investors.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.