Shares of banks and other lenders and money managers ticked down as negotiations between Democrats and Republicans on a second round of stimulus relief drag on.
Earlier this week, analysts at brokerage JPMorgan warned that bank earnings reports revealed fundamental business problems that even a massive stimulus bill would not address.
Chinese financial technology giant Ant Group said investors in mainland China have committed to purchasing more than a third of the shares it plans to sell in a pair of blockbuster initial public offerings.
Clayton Dubilier & Rice could collect about $14 billion for its largest buyout fund to date, surpassing its fundraising goal, The Wall Street Journal reported.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
10-21-20 1710ET
