Financials Flat Ahead of Fed Meeting -- Financials Roundup

Shares of banks and other financial institutions were flat as traders braced for the Federal Reserve's December meeting.

While most strategists expect a rate cut from the Fed, the policy outlook is less certain following a mixed batch of inflation and economic data.

Switzerland's central bank cut its key interest rate for a fourth straight meeting, seeking to rein in its strengthening currency and protect its exporters amid high levels of uncertainty about the future of global trade.

Deutsche Bank is replacing its chief risk officer, a move that follows tumult in the German lender's commercial loans portfolio and regulatory threats over its money laundering controls.

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(END) Dow Jones Newswires

12-12-24 1814ET