<div id="readability-page-1"><div> <p>Shares of banks and other financial institutions were more or less flat as traders rotated into sectors that were less dependent on the artificial-intelligence boom.</p> <p>   UBS shares rallied after Swiss banking regulators proposed reducing capital requirements. </p> <p>   Bank of America notched a symbolic win Friday when its stock traded higher than $55.08, a level not seen for America's second biggest bank since before the 2008 financial crisis. </p> <p>   Circle and Ripple were among the cryptocurrency firms that received approval on applications filed to form digital banks with the Office of the Comptroller of the Currency. </p> <pre></pre> <p>   Write to Rob Curran at rob.curran@dowjones.com </p> <p>   (END) Dow Jones Newswires</p> <p>   December 12, 2025 17:43 ET (22:43 GMT)</p><p>Copyright (c) 2025 Dow Jones &amp; Company, Inc.</p></div></div>

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<p>Shares of banks and financial institutions remained flat as traders shifted away from tech sectors. UBS shares rose after Swiss regulators proposed lowering capital requirements. Bank of America saw its stock exceed $55.08, a pre-2008 crisis high. Circle and Ripple received approval to form digital banks from the Office of the Comptroller of the Currency.</p>

Financials Flat as Traders Rotate Out of Tech - Financials Roundup