Financials Down as Jobs Data Spur Fed Rate Hike Fears - Financials Roundup

Shares of banks and other financial institutions fell after strong data increased the odds of another Federal Reserve rate hike.

Investment firm Brookfield Asset Management raised $25 billion in capital during the third quarter, led by strong investor demand for its infrastructure funds.

Norway's sovereign wealth fund and Sweden's Sjunde AP-fonden reached a $224.5 million tentative settlement with KPMG over audit work related to Silicon Valley Bank.

 

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

November 06, 2026 17:21 ET (22:21 GMT)

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