Asian markets trade mixed as investors observe the reaction to Alibaba's Asian shares after reorganization, while Australia will see its inflation numbers for February.
Banks led the stock market lower Tuesday afternoon, following a hearing in which three regulators said they would favor more stringent regulations in smaller institutions.
"I certainly think it's appropriate for us to go back and review those actions in light of the recent episode and consider what changes should be made," Gruenberg said.—Jeff CoxAll three regulators testifying before the Senate Banking Committee on Tuesday said rules need to be toughened for regional banks.
FDIC Chair Martin Gruenberg noted that he voted against deregulatory moves in 2018 and said, "My views haven't changed."
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