Doug Krisner

Wall Street's biggest banks are set to report earnings this week, beginning with Goldman Sachs on Monday.

Herman Chan is a senior analyst with Bloomberg Intelligence.

He says it's been a tough quarter for U.S.

banks.

However, the economy has been resilient.

That is Bloomberg analyst Herman Chan on Bloomberg this weekend.

Bank shares are off to their worst start to a year since the regional banking crisis of 2023.

The KBW Bank Index fell 6% in the first quarter.

And that is news when you want it with Bloomberg News Now.

I'm Doug Krisner and this is Bloomberg.

News when you want it.

With Bloomberg News Now, I'm Doug Krisner.

The U.S.

and Iran failed to strike a peace deal over the weekend, and in response, President Trump said the U.S.

will begin a full naval blockade of the Strait of Hormuz beginning Monday.

Here is Trump speaking tonight to reporters.

That was President Trump speaking to reporters at Joint Base Andrews.

Now, the Wall Street Journal is reporting countries in the Mideast are racing to bring the U.S.

and Iran back to the negotiating table, and they are also talking with the U.S.

to get an extension of a fragile two-week ceasefire announced last Tuesday.