Shares of banks and other lenders and money managers rose alongside Treasury yields, reflecting a boost for risk appetite from the latest signs of vaccine promise.
Federal Reserve Vice Chairman Richard Clarida said he was not worried about the recent surge in Treasury yields, which saw the yield on the 10-year note test recent highs above 0.9% Monday.
Gregg Lemkau, Goldman Sachs Group's co-head of investment banking, once considered to be in the line of succession for the top job at the firm, is leaving the Wall Street bank to run the investment firm started by technology tycoon Michael Dell.
Shares of Banco Bilbao Vizcaya Argentaria rallied after the Spanish bank struck one major deal and reportedly entered talks on another.
BBVA agreed to sell its U.S. operations to American rival PNC Financial Services for $11.6 billion. Separately, BBVA, the second largest Spanish lender by assets, said it entered talks with rival Banco de Sabadell about a potential merger.
High-end mall developer Taubman Centers agreed to accept a price cut in its takeover by Simon Property Group, in a move that will allow the companies to avoid a drawn-out legal battle.
Write to Rob Curran at firstname.lastname@example.org
(END) Dow Jones Newswires