The report, led by BuzzFeed News and including other media outlets across the globe, was on the basis of what are known as suspicious activity reports filed from the banks to the U.S. Treasury, which was assembled for Congressional investigators to examine President Donald Trump's 2016 campaign. The banks law aren't allowed to comment on the SARs they file.
Deutsche Bank DBK, -8.37 percent, Standard Chartered STAN, -5.43%, Barclays BARC, -7.50%, Commerzbank CBK, -5.58%, Danske Bank DANSKE, -3.77% and HSBC Holdings HSBA, -6.07% were named in the report, as were several U.S. banks. Deutsche Bank accounted for a vast majority of the suspicious activity reports in the BuzzFeed trove.
The broader Stoxx Europe 600 SXXP, -2.85% fell 2.1%, together with the reductions for HSBC proving to be an anchor on the FTSE 100 UKX, -3.45%, that dropped 2.9%. The German DAX DAX, -3.30% and French CAC 40 PX1, -3.34% also dropped.
U.S. stock futures ES00, -1.59% dropped, with stocks on the Dow Jones Industrial Average YM00, -1.99percent shedding 449 points. Last week, the technology heavy Nasdaq Composite COMP, -1.07% dropped 0.6%, while energy and industrial stocks climbed.
The death of Supreme Court associate justice Ruth Bader Ginsburg may have market consequences, as what is expected to be a hotly contested nomination battle because of her replacement could further roil Washington, D.C., that has yet to agree to a new stimulus package or financing past the end of September.
"The fight between the President and Congressional Democrats on whether to fill the vacant seat now or wait until after the election is predicted to result in more delays in attaining a middle ground on a new financial package.
Travel stocks in Europe were pressured on worries over the region locking down in reaction to a new wave of coronavirus instances.
Shares of engine maker Rolls Royce RR, -8.71% dropped 9 percent, after saying it was considering raising up to 2.5 billion in equity funding.
United Internet UTDI, -24.23% shares tumbled 24 percent, after Telefónica Deutschland O2D, -3.34% said in discussions that it would increase wholesale expenses.
