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Bank stocks could feel the pressure as Omicron bites
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Bank stocks have proven resilient during the pandemic. But as uncertainty over the Omicron Covid-19 variant coincides with a changing regulatory picture, that resilience is being tested anew.
Big lenders were among the hardest-hit stocks in the market’s intense reaction to the Omicron variant last week, with S&P 500 banks dropping nearly 4% on 26 November, much more than the overall index.
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