Brexit fallout crushes financial stocks

U.S. bank stocks led a steep decline on Wall Street on Monday as aftershocks from Britain's vote to leave the European Union roiled global markets for a second day. The S&P financial index was down nearly 3 percent by late morning, with investors increasingly worrying about London's future as the region's finance capital. JPMorgan fell 3.7 percent, while Bank of America dropped 5.4 percent.