Shares of banks and other financial institutions fell sharply alongside Treasury yields.
The yield on the 10-year Treasury note closed below 1.4% for the first time since February.
Shares of Swiss bank Credit Suisse Group ticked down after The Wall Street Journal reported that the firm continues to lose senior bankers to competitors in the wake of missteps including a $5.5 billion loss tied to the meltdown of Archegos Capital Management, with several investment bankers tendering notice in recent days.
While some Wall Street giants such as Goldman Sachs Group and JPMorgan Chase are pushing to fill up offices, calling on in-person staff five days a week in New York, rivals including Citigroup are touting flexibility in an effort to poach traders and deal makers.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
07-06-21 1708ET
