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BOSTON (MarketWatch) — Investors were set to focus on banking stocks again after Citigroup Inc. and Merrill Lynch & Co. reported more quarterly losses Thursday, one day after the financial sector saw a double-digit percentage decline.

Markets have had plenty of earnings reports to comb through this week, and investors are trying to decide whether more pain is in store for the roiled banking sector. The Treasury Department recently unveiled a plan to pump as much as $250 billion into financial institutions in a bid to bolster their balance sheets and encourage banks to begin lending again.

http://www.marketwatch.com/news/story/merrill-citigroup-report-more-losses-recession/story.aspx?guid=%7B50ADB381%2D5151%2D4E8D%2D8369%2DD09D669AE145%7D&dist=hplatest

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