Banking sector sees rebound as Deutsche Bank rallies and fears ease.
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.