LC - Chinese fintechs U.S. card issuers fall the most in the week's financial decliners

Chinese fintech stocks dominate the financial stocks making the biggest declines this week after China warned about online brokerages who accept mainland China customers but aren't registered to operate in the country. U.S. credit card issuer Alliance Data Systems (NYSE:ADS) also makes an appearance in the week's five largest decliners. On Wednesday, credit card issuer stocks dropped after Visa provided a disappointing outlook on cross-border travel and the card network became the subject of a DOJ investigation. Looking at the five biggest financial decliners (with market cap over $2B), Futu Holdings (NASDAQ:FUTU) shares fell 25% for the week as it faces risk from China's warning; Flagstar Bancorp (NYSE:FBC), reporting Q3 adjusted EPS of $2.94 on Wednesday, saw shares drop 15% this week; New York  Community Bancorp, said it doesn't expect its acquisition of Flagstar to close by the end of the year as it waits for regulatory approvals; Chinese fintech Lufax Holding (NYSE:LU) falls

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Chinese fintechs, U.S. card issuers fall the most in the week's financial decliners