Hedge funds pile into banks, insurance, consumer finance, Goldman Sachs says

Hedge funds bought banks, insurance and consumer finance companies last week at the fastest pace in three months, Goldman Sachs said in a research note, amid increased dealmaking expected to boost profits and an expected further loosening of regulations.
An index of European banks (.SX7P), opens new tab has risen over 40% so far this year, while U.S. banks (.SPXBK), opens new tab have advanced just over 20%.