The gap between U.S. shorter-
and longer-dated yields narrowed on Thursday as Federal Reserve
officials said they saw strong economic activity, which would
allow them to raise interest rates gradually with the next hike
seen likely in December.
The United States on Thursday
imposed sanctions on two Ukrainians, one Russian and nine
entities in Ukraine and Russia, for Moscow's annexation of
Crimea and related human rights abuses, the U.S. Treasury said.
Wells Fargo & Co said on Thursday
it is restructuring its wealth and investment management
business to combine its two high-net worth operations, the
private bank and Abbot Downing, under a new unit leader who it
has not yet named.