European stocks set to wipe out weekly gains as banks plunge
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European stocks are set to erase weekly gains as the STOXX 600 index falls 1.5%, marking its largest drop in six weeks. Concerns over U.S. regional banks have negatively impacted global lenders, with European banks down 2.4%. Notable declines include Deutsche Bank, Barclays, and BNP Paribas. Novo Nordisk shares dropped 4.6% following U.S. price reduction announcements, while Spain's BBVA shares rose 7% after a failed takeover bid for Sabadell, whose shares fell 7%.
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