Europe Markets: European bank stocks slide after money-laundering allegations; Dow futures slide 400 points

Deutsche Bank DBK, -5.81%, Standard Chartered STAN, -4.70%, Barclays BARC, -6.19%, Commerzbank CBK, -3.57%, Danske Bank DANSKE, -3.12% and HSBC Holdings HSBA, -5.08% were all named in the report, as were several U.S. banks. Deutsche Bank accounted for a majority of the suspicious activity reports in the BuzzFeed trove.

The broader Stoxx Europe 600 SXXP, -2.15% fell 2.1%, with the losses for HSBC proving to be an anchor on the FTSE 100 UKX, -2.89%, which dropped 2.9%. The German DAX DAX, -2.37% and French CAC 40 PX1, -2.33% also fell.

U.S. stock futures ES00, -1.58% fell, with futures on the Dow Jones Industrial Average YM00, -1.83% losing 449 points. Last week, the technology heavy Nasdaq Composite COMP, -1.07% fell 0.6%, while energy and industrial stocks rose.

The death of Supreme Court associate justice Ruth Bader Ginsburg may have market implications, as what is expected to be a hotly contested nomination battle for her replacement could further roil Washington, D.C., which has yet to agree on a new stimulus package or funding beyond the end of September.

Travel stocks in Europe were pressured on worries over the region locking down in response to a new wave of coronavirus cases. British Airways owner International Airlines Group IAG, -12.34% and Ryanair Holdings RYA, -6.50% fell sharply.

Shares of engine maker Rolls Royce RR, -8.32% dropped 9%, after saying it was considering raising up to £2.5 billion in new equity capital.

United Internet UTDI, -23.58% shares tumbled 24%, after Telefónica Deutschland O2D, -3.29% said in negotiations that it would hike wholesale costs. United Internet said it has appealed to the European Commission over the matter.