Banking sector sees rebound as Deutsche Bank rallies and fears ease.
TL;DR Summary
Shares of Deutsche Bank rebounded on Monday, easing fears for the shaky European banking system following a slight drop in the cost of insuring the lender’s debt against default. Other European banking stocks also saw gains on Monday. Dow futures were up more than 230 points before the opening bell on Wall Street on Monday after First Citizens stepped in to acquire a large chunk of failed lender Silicon Valley Bank.
Topics:business#deutsche-bank#european-banking-system#fdic#finance#first-citizens#silicon-valley-bank
- Deutsche Bank rebounds as fears ease over European banking system New York Post
- Europe's banking stocks recover as SVB deal brings respite CNN
- US Dollar Slides as Banking Woes Continue and Treasury Yield Sink. Where to for USD? DailyFX
- Europe stocks open higher as investors hope for an end to banking volatility; Deutsche Bank rallies CNBC
- Deutsche Bank Bounces as Analysts Reassure on Financial Health Yahoo Finance
- View Full Coverage on Google News
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