Shares of smaller banks take a beating, helping lower investors’ expectations of more interest rate increases.


By BY JOE RENNISON from NYT Business https://ift.tt/DwuYkGI

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Bolivia's interim president's indigenous-free cabinet heightens polarization

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* Rightwing Christian Jeanine Áñez vows to ‘pacify’ country * Disrespect for indigenous Wiphala flag stokes outrageJeanine Áñez, the opposition senator who has claimed Bolivia’s interim presidency, arrives at the government palace in La Paz. Photograph: Juan Karita/APBolivia’s controversial new interim president has unveiled a new cabinet which critics say could further increase polarization in the country still deeply split over the ousting of her predecessor, Evo Morales.To the applause of military top brass, lawmakers and senators, Jeanine Áñez vowed to “reconstruct democracy” and “pacify the country” at a late-night ceremony in the “Palacio Quemado” (Burnt Palace) presidential building.“We want to be a democratic tool of inclusion and unity,” said the 52-year-old religious conservative, sitting at a table bearing a huge open Bible and crucifix.But the transitional cabinet sworn into office on Wednesday night did not include a single indigenous person, in a country where at least 40
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