The S&P 500 financial index declined 1.49 percent after Bloomberg reported that some hedge funds have withdrawn excess cash and positions held at the German lender. "This Deutsche Bank story is really casting a very long shadow over equity markets," said Peter Kenny, senior market strategist at Global Markets Advisory Group, in New York. Citigroup dropped 2.28 percent and JPMorgan Chase fell 1.59 percent.
WASHINGTON (AP) — The White House lashed out at Congress on Thursday, a day after Republicans and Democrats overwhelmingly overrode President Barack Obama's veto of a bill to allow families of the 9/11 victims to sue Saudi Arabia. The White House turned to mockery as top GOP leaders expressed buyer's remorse and vowed to fix the bill.