Global Banking Crisis: Updates and Outlook.

Mortgage rates are expected to trend down through the rest of the year as the banking crisis drags on, according to the Mortgage Bankers Association. Deutsche Bank's shares tumbled 13% in Germany, dragging broader markets lower, as investors grew hypersensitive to any perceived weaknesses. The last-minute rescue of Credit Suisse on Sunday may have prevented the banking crisis from exploding, but it's a raw deal for Switzerland, and isn't risk-free. Money market funds have seen an influx of cash in recent weeks as investors look for more stable ground, but they aren't without risks of their own. Banks continue to rely on the Federal Reserve for emergency funds.
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- Morning Bid: Bank angst persists, unnerves Europe Reuters
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