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 Up With Treasury Yields -- Financials Roundup

10/21/2021 | 05:20pm EST

Shares of banks and other financial institutions rose alongside Treasury yields.

The yield on the two-year Treasury closed at the highest level in more than a year, while the yield on the 10-year Treasury note closed at the highest since May.

Investment firm Blackstone said net income nearly doubled in the third quarter, rising to $1.4 billion, driven by strong investment performance for its largest strategies and continued expansion into fast-growing new business lines.

At a Senate hearing Wednesday, private-equity critics including Sen. Elizabeth Warren denounced what they characterized as buyout managers' abusive practices, as some Democratic lawmakers seek to rein in the rapidly growing industry.

Cryptocurrency exchange FTX reached a valuation of $25 billion in a new funding round that includes heavyweights from traditional finance, such as the Ontario Teachers' Pension Plan and funds managed by BlackRock.

China Evergrande Group are spreading to some of its smaller peers, including Modern Land, which is reportedly facing difficulty meeting an imminent bond payment, and more Chinese property developers could be at risk of contagion amid a housing market slump.

The Federal Reserve will bar senior officials from purchasing individual securities and restrict investment activities to broad-based products such as mutual funds, following disclosures that last month that resulted in the resignations of two reserve bank presidents.

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

(END) Dow Jones Newswires

10-21-21 1719ET

Latest news "Economy & Forex"
01:26pEx-Libor trader Tom Hayes's attempt to appeal conviction provisionally blocked
RE
01:25pEIA expects U.S. power use to rise 2% in 2021 as economy recovers
RE
01:22pSenate confirms Rosenworcel to new term on U.S. FCC
RE
01:19pNorway's finance minister says the airplane seat tax will be suspended in january and february
RE
01:18pBritain's Tesco outperforming rivals, but strike threat grows
RE
01:16pUSDA to announce $700 million in biofuel grants on Tuesday
RE
01:15pUs epa expected to set advanced biofuel mandates at 4.63 bln glns for 2020, 5.2 bln glns for 2021, 5.7 bln glns for 2022
RE
01:14pDelta variant cases rising in Canada's Ontario, Omicron to hit 'hard and fast'
RE
01:08pNorway government says it will introduce new economic compensations for companies hit by covid restrictions
RE
01:07pNorway's prime minister says home office, where possible, should be the norm
RE
Latest news "Economy & Forex"