Financials

Markets

As yields rise, some US banks shift cash to Treasuries

Some big U.S. banks are buying more U.S. government securities as yields start to rise and the Federal Reserve appears ready to taper its bond-buying program - a balance sheet shift that analysts say could boost bank earnings by several percentage points depending on how they play their hands.

Lifestyle

Billionaire John Paulson and wife in epic divorce

Billionaire investor John Paulson is divorcing his wife of 21 years, Jenny — and the stage is set for one of the most expensive splits of all time as the couple do not have a prenup, sources have exclusively confirmed to Page Six.