Shares of banks and other financial institutions fell slightly as Treasury yields settled near recent lows.
The yield on the 10-year Treasury note looks set to close the month of June down by one-tenth of a percentage point, below 1.5%, well off highs earlier in the year.
The Securities and Exchange Commission said it has charged Neovest, a JPMorgan Chase unit that provides an electronic-trading platform, for operating as an unregistered broker-dealer, and the unit agreed to pay a $2.75 million fine.
Pan-Asian life insurer AIA Group is investing $1.86 billion in China Post Life Insurance to acquire a 24.99% stake and increase its exposure to the Chinese life insurance market.
The recent failure of U.S.-based Archegos Capital Management, a family office that made large, risky bets on a handful of stocks, could be a sign of how more investors might get tripped up by overreacting to inflationary risks, warned the Bank for International Settlements, an institution that coordinates with central bankers worldwide.
Millions of homeowners who are behind on their mortgage payments would get added protections from foreclosure through the end of 2021 under a set of rules completed Monday by the Consumer Financial Protection Bureau.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
06-29-21 1713ET
