Shares of banks and other lenders and money managers rose alongside Treasury yields as hopes of a stimulus deal buoyed risk appetite on global markets.
The yield on the 10-year Treasury note hit its highest level since June.
Goldman Sachs Group is seizing or withholding $174 million from current and former executives after agreeing to a costly settlement to resolve multiple government investigations into its role in a Malaysian bribery scandal.
Canadian insurer Sun Life Financial agreed to buy a majority stake in private-credit fund manager Crescent Capital Group, founded by former Drexel Burnham Lambert junk-bond traders, paying up to $338 million for a 51% stake in the money manager.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
10-22-20 1706ET
