NEW YORK (

TheStreet

) --

Fifth Third

(FITB) - Get Fifth Third Bancorp Report

and

State Street

(STT) - Get State Street Corporation Report

were the losers among the largest U.S. banks Monday, with shares of each company sliding 3%.

Fifth Third's shares closed at $12.39 and State Street closed at $45.65.

The broad indexes declined amid a strong

rally for the dollar

, as investors speculated about the eventual solution to the

European debit crisis

.

The

KBW Bank Index

(I:BKX)

declined 1.5% to 48.97, with all 24 index components down for the session, save

New York Community Bancorp

(NYB)

, which was up a penny, to close at $16.30, and has a dividend yield of 6.13%, based on a 25-cent quarterly payout.

Large bank stocks declining 2% Monday included

BB&T

(BBT) - Get BB&T Corporation Report

, which closed at $26.10;

Citigroup

(C) - Get Citigroup Inc. Report

, closing at $40.16;

Cullen/Frost

(CFR) - Get Cullen/Frost Bankers, Inc. Report

, at $57.72;

TheStreet Recommends

Comerica

(CMA) - Get Comerica Incorporated Report

, at $35.80;

Capital One

(CFR) - Get Cullen/Frost Bankers, Inc. Report

, at $54.09;

Regions Financial

(RF) - Get Regions Financial Corporation Report

, at $6.83; and

Wells Fargo

(WFC) - Get Wells Fargo & Company Report

, which closed at $27.53.

Bloomberg reported that JPMorgan Chase and Deutsche Bank were subject to New York Attorney General Eric Schneiderman's

mortgage securitization investigation

.

RELATED STORIES:

Stripper Loans and Mortgage Smoking Guns >>

JPMorgan, Deutsche Caught in Widening Mortgage Probe: Report >>

Social Media Creates Bank Opportunities, Pitfalls >>

Shorted Financial Stocks Spike in April >>

Hartford Dumps Thrift as Insurers Flee Banking >>

Banks to Profit Off Jumbos: Moody's >>

--

Written by Philip van Doorn in Jupiter, Fla.

To contact the writer, click here:

Philip van Doorn

.

To follow the writer on Twitter, go to

http://twitter.com/PhilipvanDoorn

.

To submit a news tip, send an email to:

tips@thestreet.com

.

Philip W. van Doorn is a member of TheStreet's banking and finance team, commenting on industry and regulatory trends. He previously served as the senior analyst for TheStreet.com Ratings, responsible for assigning financial strength ratings to banks and savings and loan institutions. Mr. van Doorn previously served as a loan operations officer at Riverside National Bank in Fort Pierce, Fla., and as a credit analyst at the Federal Home Loan Bank of New York, where he monitored banks in New York, New Jersey and Puerto Rico. Mr. van Doorn has additional experience in the mutual fund and computer software industries. He holds a bachelor of science in business administration from Long Island University.