Financials (XLF -0.8%) slip in early trading, particularly large European banks such as Deutsche...

|By:, SA News Editor

Financials (XLF -0.8%) slip in early trading, particularly large European banks such as Deutsche Bank (DB -3.2%) and Royal Bank of Scotland (RBS -2.7%). The news that European banks left record overnight deposits with the ECB indicates an unwillingness to lend to each other, overshadowing the successful Italian bond auctions. BAC -2.3%, C -1.4%.