Doug Krisner

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.

The White House is using the war with Iran to justify fast-track policy changes.

More from Bloomberg's Nathan Hager in Washington.

In sports, the final round of the 90th Masters is underway.

Rory McIlroy and Justin Rose are tied at 11 under par.

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.

Trump also threatened to retaliate in the event of Iranian resistance.

Here is Trump speaking to Fox Sunday Morning Futures.