Shares of banks and other financial institutions were more or less flat amid deal activity and rising Treasury yields.

Berkshire Hathaway agreed to buy insurer Alleghany, which has mimicked some of Berkshire founder Warren Buffett's diversification strategies, for about $11.6 billion.

The yield on the 10-year Treasury note topped 2.3% for the first time in more than two years after Federal Reserve Chairman Jerome Powell indicated he would support a half-percentage-point rate increase if inflation continued to run wild.

U.S. regulators proposed stringent requirements for publicly traded companies to report information on greenhouse-gas emissions and risks related to climate change, in one of the Biden administration's potentially most significant environmental actions to date.

Swiss bank Credit Suisse Group plans to reshuffle its board, adding veteran bankers UniCredit SpA Chief Financial Officer Mirko Bianchi and ex-Wells Fargo risk officer Amanda Norton, and Keyu Jin, an economics professor at the London School of Economics, after a turbulent year.

Shares of China Evergrande Group and two key units were halted from trading Monday pending the release of inside information, pointing to a potential advance in the planned restructuring of the giant developer.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

03-21-22 1709ET