Commerzbank Advises Shareholders Against Accepting UniCredit Offer

The German bank said UniCredit's offer undervalues it, adding the suitor lacks a credible strategic plan and its proposal entails considerable risks.

U.K. Gilt Yields Climb to Multiyear Highs on Inflation, Political Concerns

Yields on 30-year gilts hit a high last seen in 1998, while 10-year yields were at their highest since 2008.

Trump Will Host Swearing-In Ceremony for New Fed Chair Warsh