Shares of banks and other financial institutions fell alongside Treasury yields and stocks.
The broad S&P 500 recorded its biggest first-half loss since 1962 as inflation and interest-rate fears spurred a flight from risk.
Interest-rate increases had driven yields up to multiyear highs, but recession worries are now weighing them down.
A federal judge dismissed a case brought by former Apollo Global Management Chief Executive Leon Black alleging that his former partner and others conspired to destroy his reputation and push him out of the firm.
Singapore's top financial regulator reprimanded the cryptocurrency hedge fund Three Arrows Capital, saying it supplied false information to officials and managed more assets than allowed.
Swiss bank UBS Group agreed to pay $25 million to settle fraud charges from the Securities and Exchange Commission over a complex options-trading strategy that lost customers tens of millions of dollars.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
06-30-22 1718ET
