Shares of banks and other financial institutions rose as Treasury yields slipped to more multimonth lows.
The moderation in yields could spur demand for mortgages and other loans.
The Securities and Exchange Commission is showing no signs of letting up on its flurry of rule-making in the waning weeks of 2023, and the potential costs for big banks and other financial firms impacted by them is starting to add up.
Investment firm KKR took a step towards purchasing the outstanding stake it doesn’t already own in insurance company Global Atlantic for about $2.7 billion in cash.
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