Financials Slightly Higher on Rates View -- Financials Roundup

Features Dow Jones Newswires

Banks, lenders and other financial companies rose slightly as traders bet interest rates would steadily climb.

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U.S. private-equity firm Cerberus Capital Management disclosed a 3% stake in the largest German bank Deutsche Bank, a vote of confidence in that nation's banking system that followed an earlier investment in the second-largest German lender Commerzbank.

Richard Cordray, director of the Consumer Financial Protection Bureau, said he plans to leave his job at the end of November, ending a six-year tenure as the first head of a regulatory agency created after the financial crisis.

Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

November 15, 2017 17:07 ET (22:07 GMT)