V Visa Inc

Banks, lenders and other financial companies rose alongside Treasury yields as traders bet strong economic growth and rising inflation would boost interest rates. The price of oil, a key input for many products, has spiked because of the U.S. decision to exit the Iranian deal. The yield on the 10-year Treasury note, a common benchmark for bank loans of all kinds, is hovering around a four-year high. Several senior female executives at Visa are expected to tell Chief Executive Alfred Kelly in a meeting on Thursday that they aren't being given enough opportunities to advance at the card giant after an internal survey revealed discontent among female leaders, The Wall Street Journal reported. The U.S. Attorney for the Southern District of New York arrested a hedge fund founder, portfolio manager and a trader for allegedly mismarking mortgage-backed securities by over $200 million.

-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

May 09, 2018 16:57 ET (20:57 GMT)

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