Financial Times FT.com

Wall St down amid fears over banks

By Jeremy Lemer

Published: June 2 2008 14:05 | Last updated: June 2 2008 21:32

Wall Street stocks ended a four-session winning streak on Monday after shake-ups at two leading banks revived fears that the costs and casualties of the credit crisis would continue to mount.

Financials led broader equity markets lower after Wachovia and Washington Mutual, two banks hit hard by writedowns related to subprime mortgage troubles, announced they were replacing their chief executive and chairman respectively.

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