Financials Up Amid Optimism About Elevated Treasury Yields -- Financials Roundup

Shares of banks and other financial institutions ticked up as investors bet that elevated Treasury yields would fatten profits for banks.

The Securities and Exchange Commission charged index compiler S&P Dow Jones Indices for failing to properly oversee a volatility-related index that drew controversy in February 2018. The index was known as the S&P 500 VIX Short Term Futures Index, and it fed into the VelocityShares Daily Inverse VIX Short Term Exchange-Traded Note, which generated significant investor losses during a stormy market period in early 2018.

Goldman Sachs Group hired Uber Technologies executive Peeyush Nahar to run Marcus, its digital-banking unit.

 Write to Rob Curran at [e-mail] 

(END) Dow Jones Newswires

05-17-21 1729ET