Financials Up in Anticipation of Rate Cut -- Financials Roundup

Shares of banks and other financial institutions rose as traders positioned themselves for a rate cut next week.

In one sign that risk appetite was set to falter again, the price of bitcoin dropped below $90,000. A collapse in the price of bitcoin precipitated a broader retreat from risk in November, and hopes that cryptocurrencies were stabilizing had encouraged investors to extend themselves in global markets again recently.

Regulators in Washington rolled back rules put in place after the 2008 financial crisis that limited how much risk banks can take in corporate lending and fueled the boom in the multitrillion-dollar private credit industry. The limits on leveraged lending left a vacuum for hedge funds and other money managers to syndicate loans for corporations.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

12-05-25 1737ET