Timothy Geithner, the former U.S. Treasury secretary who supervised government bailouts of some of the largest companies after the 2008 financial crisis, agreed to join private-equity firm Warburg Pincus LLC after more than 25 years in public service.
JPMorgan Chase & Co., enmeshed in legal battles with regulators, U.S. agencies and clients, agreed with 21 institutional investors to pay $4.5 billion to resolve claims the bank sold faulty mortgage securities.
Stocks rose, led by emerging markets, as China unveiled details of its economic policy changes and investors speculated the Federal Reserve will continue stimulus. The yen and dollar slid against most peers while oil capped its longest streak of weekly losses since 1998.
Gold analysts are the most bullish in six weeks as Janet Yellen, the nominee to run the Federal Reserve, signaled the U.S. central bank is in no hurry to curb economic stimulus, reviving demand for the metal as a haven.