Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Financials Advance As Treasury Yields Finish Mixed -- Financials Roundup

12/01/2021 | 05:09pm EST

Shares of banks and other financial institutions fell amid fears that the Federal Reserve would not come to the rescue as Omicron fears rattle global markets.

The yield on the two-year Treasury rose despite increased worries about the implications of the Omicron variant for the economic outlook.

"The Fed has a much higher threshold now to turn dovish," said Lorenzo Di Mattia, manager of hedge fund Sibilla Global Fund. "The fact that the threshold for easy monetary policy is higher now...that's a big change."

Swiss bank UBS Group named JPMorgan Chase executive Sarah Youngwood as its next chief financial officer, another high-profile hire of an American banking veteran as the Swiss bank takes on wealth-management rivals in the U.S.

Ajay Banga, former chief executive officer of Mastercard, is joining investment firm General Atlantic as vice chairman, officials at the private-equity firm said.

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

(END) Dow Jones Newswires

12-01-21 1709ET

Latest news "Economy & Forex"
05:56pUK lawmaker says she was sacked from ministerial job for her 'Muslimness'
RE
05:49pUK accuses Kremlin of trying to install pro-Russian leader in Ukraine
RE
05:47pNew Zealand to impose restrictions after Omicron community spread
RE
05:46pBitcoin falls again, last down 4%
RE
05:35pUK accuses Kremlin of trying to install pro-Russian leader in Ukraine
RE
05:13p'Another crime' say survivors of coalition strikes on Yemeni detention centre
RE
05:11pGerman navy chief resigns over Putin comments
RE
05:07pArizona Democratic Party formally censures Sinema
RE
04:46pGerman navy chief resigns over Putin comments
RE
04:45pGhana blast leaves survivors with cuts and questions
RE
Latest news "Economy & Forex"