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) -- Financial stocks were down slightly Tuesday morning after Monday's Basel rally. The

Financial Select Sector SPDR

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, a widely-followed exchange traded fund that tracks financial services stocks, was down three cents a share at $14.81. The

KBW Regional Banking index

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was off 18 cents at 22.89.

Winners of the day included

Deutsche Bank

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Credit Suisse

(CS) - Get Credit Suisse Group AG Report


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Deutsche Bank shares were up $1.84 at $64.16 on news that the company was raising $12.5 billion and the company will be acquiring Postbank.Credit Suisse was up 55 cents at $47.14 on news that the bank

would not need to raise capital to maintain Basal III requirements

, according to a report by


The biggest loser of the day was

American International Group

(AIG) - Get American International Group, Inc. Report

. The insurer's stock sunk 71 cents, to $36.21, on news that it is planning to end its aid from U.S. taxpayers that could begin in 2011. The plan calls for the Treasury Department to convert $49 billion in AIG preferred shares into common shares.

The common shares would gradually be sold off to private investors

, according to

The Wall Street Journal


Bank of America's

(BAC) - Get Bank of America Corp Report

stock was down 14 cents at $13.81 on news that the company was

selling off assets

to ease investors' concerns about the bank holding onto risky loans,according to a

Financial Times




(C) - Get Citigroup Inc. Report

stock was down 4 cents at $3.95 after the bank said

it was, "very comfortable," with Basel III targets.

--Written by Maria Woehr in New York.

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Maria Woehr


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