European banks sold off on the news, including Credit Suisse ( CS ) -3.8%, ING Groep ( ING ) -1.5%, UBS ( UBS ) -2.8% and HSBC ( HSBC ) -1.3%. Barclays Plc ( BCS ) led declines among American depositary receipts of European companies on Thursday after being targeted in a lawsuit alleging securities fraud. European markets fell broadly after St. Louis Federal Reserve President James Bullard said the central bank could raise interest rates as early as the first quarter of 2015 to combat inflation.