Financials Higher on Interest-Rate Bets -- Financials Roundup

Features Dow Jones Newswires

Banks, lenders and financial companies rose as traders bet the sector would benefit from higher interest rates.

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French insurance company AXA said it plans to take its large U.S. life-insurance operations public. The unit pursuing an initial public offering would also comprise the AllianceBernstein Holding asset-management business.

Deutsche Bank's new biggest shareholder, Chinese conglomerate HNA Group, used more than $2.8 billion in financing to help buy its nearly 10% stake in the German lender and protect itself against potential losses on the position.

Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

May 10, 2017 17:40 ET (21:40 GMT)