Shares of banks and other financial institutions rose in anticipation of elevated Treasury yields.
Treasury yields are often used as benchmarks for loans, and elevated borrowing rates typically buoy banks' profit margins.
Synchrony Financial will return as Walmart's store-brand credit-card provider after the world's largest retailer by sales ended its partnership with Capital One Financial.
Ken Moelis, the dealmaker who got his start with Michael Milken and launched an eponymous investment bank in 2007, is planning to step down as chief executive officer of Moelis & Co.
Global insurance broker Aon is benefiting from tariff uncertainty as its roster of global clients seek guidance on how to manage global trade issues and supply chain changes under the Trump administration.
Accounting firm RSM's U.S. unit plans to invest $1 billion in artificial intelligence over the next three years, well above its previous investments, in part to use AI agents to automate more tax and accounting workflows.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
06-09-25 1749ET
