Wall Street notched strong gains in the previous session after a highly-anticipated inflation report showed a slowdown in February consumer prices growth, spurring hopes of a smaller rate hike at the conclusion of the Federal Reserve's meeting next week. First Republic Bank FRC.N jumped nearly 13%, with peers Western Alliance Bancorp WAL.N and PacWest Bancorp PACW.O up 8.3% and 6.5%, respectively. "The worry is that smaller banks sitting on large unrealised losses in their bond portfolios might not have sufficient capital buffers if there is a fast withdrawal of deposits."