Correct standard errors in panel data

Hello everyone,

I have a sample of 236 observations in a slightly unbalanced panel. T=24, N=10. I'm estimating the effect from bank leverage on their equity betas.
How do I correct the standard errors for autocorrelation and clustering effects between banks at the same time?
Can I simply use the cluster option?
For example:
xtreg depvar ind, fe cluster(bankid)

Thank you in advance,

Kind regards

Andreas