Acccording to BusinessInsider they are:
1.Fears of new legal actions at Goldman Sachs. A subpoena from the Manhattan DA may be the start of something much bigger.
2.Ongoing writedowns: See BofA.
3.Expectations of ongoing mortgage-related legal issues at BofA.
4.The weakening recovery.
5.Big-names are selling. David Tepper, a previously aggressive bull, has been paring back his exposure…..
Read the rest at: http://www.businessinsider.com/why-bank-stocks-are-falling-2011-6
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