Bank and financial stocks are slumping after Russia's military action in the Ukraine prompts investors to move money into safer havens of government bonds. The 10-year Treasury yield falls 14 basis points to 1.86% after having reached almost 2.0% late Wednesday. Financial Select Sector SPDR ETF (NYSEARCA:XLF) is sliding 3.6% in premarket trading. Among U.S.-based money center banks, Citigroup (NYSE:C) -4.0%, Goldman Sachs (NYSE:GS) -4.4%, Bank of America (NYSE:BAC) -4.5%, JPMorgan Chase (NYSE:JPM) -3.7%, Wells Fargo (NYSE:WFC) -4.2%, and Morgan Stanley (NYSE:MS) -3.1%. Overseas bank stocks are seeing bigger moves, with Deutsche Bank (NYSE:DB) down almost 10%, Barclays (NYSE:BCS) falling 7.4%, UBS Group (NYSE:UBS) -7.9%, Lloyds Banking Group (NYSE:LYG) -11%. Insurance companies stocks, too, are suffering. Aegon (NYSE:AEG) -4.8%, AIG (NYSE:AIG) -5.4%, Aon (NYSE:AON) -4.0%, and Chubb (NYSE:CB) -2.8%. Credit card stocks are on the decline as well. American Express (NYSE:AXP) -5.5%, Capital One Financial (NYSE:COF) -3.7%, Alliance Data Systems (NYSE:ADS) -5.5%. Investors' flight away
