) -- Financial stocks were down slightly Tuesday morning after Monday's Basel rally. The
Financial Select Sector SPDR
, 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
was off 18 cents at 22.89.
Winners of the day included
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
, according to a report by
The biggest loser of the day was
American International Group
. 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.
, according to
The Wall Street Journal
Bank of America's
stock was down 14 cents at $13.81 on news that the company was
to ease investors' concerns about the bank holding onto risky loans,according to a
stock was down 4 cents at $3.95 after the bank said
--Written by Maria Woehr in New York.
To contact the writer of this article, click here:
To follow the writer on Twitter, go to
To submit a news tip, send an email to: