Shares of banks and other financial institutions fell as Treasury yields jumped in the wake of surprisingly strong inflation data.
The resurgence in bond yields snapped a losing streak, and put them into positive territory for the week.
A group led by financial technology company Pagaya Technologies, which specializes in nontraditional underwriting that helps lenders approve more consumers for loans, offered roughly $700 million to buy Goldman Sachs’ online lender GreenSky, but Goldman passed on the offer in favor of a bid from a consortium led by investment firm Sixth Street for roughly $500 million, The Wall Street Journal reported.
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