Financial stocks were leaning lower pre-bell Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.6%.

The Direxion Daily Financial Bull 3X Shares (FAS) was down 1.6% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 2% higher.

NatWest (NWG) is pulling back from dealing in US and European government bonds and plans to withdraw from primary dealership programs in both markets, Bloomberg reported, citing people familiar with the matter and a company spokesperson. Shares of NatWest were down more than 1% premarket.