Financials Down Amid Volatility in Bond, Forex Markets - Financials Roundup
Dow Jones
Aug 15
Shares of banks and other financial institutions fell amid volatility in bond and foreign-exchange markets.
Marubeni, one of Japan's largest trading houses, said it favored a stronger yen to assist it with overseas acquisitions. The yen has started to creep up again against the dollar and other currencies despite a coordinated intervention.
JPMorgan Chase ended its banking relationship with prediction market Polymarket last October over regulatory concerns.
Citigroup agreed to buy Kard Financial, a start-up that works with financial firms to offer their customers rewards as the global banking giant seeks to increase its base of affluent U.S. credit-card holders.
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