The exchange-traded fund (ETFs) that tracks big and regional banks fell below its 50-day moving averages for the first time since Aug. 3, underscoring continued weakness in the sector.
The SPDR S&P Bank ETF dipped below its 50-day level of 32.84, and was last trading near 32.77.
Citi was one of the biggest losers in the ETF, falling more than 2 percent, its worst day since July 5. The stock has already traded close to its 30-day average volume of about 16.6 million shares, with more than 22.5 million shares changing hands by the market close.
Deutsche Bank hit a fresh all-time intraday low of $11.23 per share on Monday and last traded about 7 percent lower. More than 20 million shares were traded on Monday, well above its 30-day average volume of about 4.8 million shares.
The SPDR S&P Regional Bank ETF also slid below its 50-day level of 41.34, last trading near 41.28.