Bank stocks in Europe rallied after Draghi’s comments. Here’s why

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Mario Draghi, president of the European Central Bank (ECB), looks on during the ‘ECB and its Watchers’ conference in Frankfurt, Germany, on Wednesday, March 27, 2019.

European banking stocks bounced more than 3.5 percent Wednesday after European Central Bank President Mario Draghi hinted that the central bank is looking at the “side effects” of negative rates on the banking sector.

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