Power Breakfast: Why European Banks Are Now In The Eye Of The Storm? Banking Stocks Slide, Deutsche Bank Down 8.5%

US markets closed with gains on Friday amid volatility. Dow recovered 450 points from the lower level and closed up 130 points. Whereas, SGX Nifty gained around 120 points. According to reports, the funding program of the banking sector can be increased, Even now, depositors are withdrawing money from banks at a rapid pace. Deutsche Bank fell 8.5%. Apart from this, other banking stocks also declined. Russian President Vladimir Putin said that Russia plans to deploy tactical nuclear weapons in Belarus. This week some Fed members will deliver speech and revised GDP, housing data of US to be released.