Shares of banks and other financial institutions rose as worries about global market volatility subsided.
Treasury yields slipped somewhat after Bank of America said it would cut overdraft fees to $10 from $35 beginning in May, following other big banks that have rolled back or ditched such charges.
Citadel Securities is set to receive its first outside investment, with about $1.15 billion coming from venture-capital firm Sequoia Capital and cryptocurrency investor Paradigm, in a deal valuing the electronic-trading firm majority-owned by hedge fund billionaire Ken Griffin at around $22 billion.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-11-22 1733ET
