Today was another brutal day for bank stocks, as news that Bank of America needs another cash infusion from the government rattled investors. The KBW Banking Index fell 8.04% and the KBW Regional Banking Index fell 2.04%. However, the S&P 500 Index was up 0.13%.

The Bank Index was led by M&I, Bank of America, and Citigroup, which were down 26.03%, 18.43%, and 15.45%, respectively. The best performers of the day were People’s United Bank, State Street Corporation, and Northern Trust Corporation, which had gains of 2.97%, 2.45%, and 2.20%.

Leading the Regional Banking Index lower were First Horizon National Corporation, Synovus Financial, and East West Bancorp, which were down 12.75%, 11.98%, and 9.77%, respectively. The best performers of the day were Westamerica Bancorporation, Brookline Bank, and Prosperity Bancshares, which had gains of 3.02%, 2.02%, and 1.54%.