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Financials Up With Treasury Yields -- Financials Roundup

10/22/2020 | 05:07pm EST

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

Stocks mentioned in the article
ChangeLast1st jan.
BURNHAM HOLDINGS, INC. 0.00% 12.1 Delayed Quote.-14.18%
CRESCENT NV -0.28% 0.0355 Delayed Quote.28.16%
SUN LIFE FINANCIAL INC. 0.85% 59.18 Delayed Quote.-0.90%
THE GOLDMAN SACHS GROUP, INC. -0.48% 235.4 Delayed Quote.2.87%
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