The New York State Senate Republican Campaign Committee ended its lawsuit seeking to block a subpoena issued by an anti-corruption commission formed by Governor Andrew Cuomo after the panel narrowed its request.
Morgan Stanley reached a settlement with MBIA Inc. over credit-default swaps that led to billions of dollars of losses for the bank, agreeing to terminate the contracts and drop a challenge to the insurer’s restructuring.
Rising bond yields are typically indicators of stronger economic growth and higher profits for banks. That might not be the case this time, as a 30-year bull market in U.S. government debt shows signs of coming to an end.
Goldman Sachs Group Inc. rose 5.5 percent in New York trading as investors looked past a third- quarter loss and focused on gains in trading revenue and prospects for a rebound in underwriting and takeovers.