Regional banks rose broadly, led by a surge in First Republic shares.
Regulators considering more support to help First Republic
Discussions are in an earl stage over expanding the Bank Term Funding Program, and any expansion would apply to all banks. Citi maintained its buy rating on the stock, despite continuing worries toward the health and stability of the overall banking sector. German Chancellor Olaf Scholz largely dismissed concerns that Deutsche could be subject to fallout similar to Credit Suisse, saying that the firm is still "very profitable" and "fundamentally modernized."Still, Deutsche stock is still under pressure as investors weigh whether a true end is in sight contagion in the banking sector.
"The events surrounding the banking crisis as consolidating views around the end of the tightening cycle. While inflation is not yet "cured", growth remains robust, and we may have seen the de facto end of QT," they wrote in a Monday note.
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