European equities closed lower on Monday as geopolitical tensions continue to rattle sentiment, while shares in Deutsche Bank surged after the co-CEOs of the bank said they intended to resign.
The pan-European FTSEurofirst 300 closed around 0.8 percent lower with most major bourses closing down. London's FTSE 100 fluctuated between gains and losses throughout the session, but closed around 0.2 percent lower. The French CAC closed around 1.3 percent lower, with the German DAX closing 1.2 percent lower.
Shares in Germany's largest lender Deutsche Bank rallied as much as 8 percent, before paring some gains after the bank announced on Sunday it was appointing a new chief executive – John Cryan, former UBS chief financial officer – to replace Anshu Jain and Jürgen Fitschen. At the close, Deutsche Bank settled to around 3.6 percent higher.