Shares of banks and other financial institutions rose as a drop in Treasury and mortgage rates was seen as a catalyst for loan growth.

Nordic insurance company property-and-casualty insurer Sampo agreed to buy the stake in Danish rival Topdanmark it doesn't already own in a deal that values the Danish firm at about $4.73 billion.

UBS said it expects to book a provision of $900 million on a buyout offer to investors in former Credit Suisse funds linked to collapsed firm Greensill Capital, an attempt to draw a line under a particularly embarassing episode for its former Swiss rival.


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

(END) Dow Jones Newswires

06-17-24 1708ET