Shares of retail brokerage Robinhood Markets Inc and market maker Virtu Financial jumped in early trading following a media report that the U.S. Securities and Exchange Commission (SEC) will stop short of banning payment-for-order-flow (PFOF).
The Reserve Bank of India on Thursday directed Mahindra and Mahindra Financial Services (MMFSL) to stop using third-party services for loan recovery until further orders, citing "material supervisory concerns".
Citi have entered into a short position in the British pound against the Swiss franc following the Bank of England's and Swiss National Bank's latest policy announcements.
UBS Group will eliminate from Oct. 1 the fee it charged on accounts by private and corporate clients to offset negative interest rates after the Swiss National Bank raised its policy rate into positive territory on Thursday, the bank said.
Russia's Deputy Finance Minister Alexei Moiseev said on Thursday that government officials have drawn up a list of foreign banks that will only be allowed to sell their Russian assets with approval from President Vladimir Putin.
Indian banks may continue their fundraising spree in the next few months by issuing Basel III-compliant and infrastructure bonds as they rush to meet rising credit demand and lock in funds at cheaper rates, analysts said.
Norway's central bank raised its benchmark interest rate by a widely-anticipated 50 basis points to 2.25% on Thursday, but said future hikes would be more "gradual", weakening the country's crown currency.
The Swiss National Bank is going to use SNB bills and repo transactions to absorb liquidity in order to ensure short-term money market rates remain close to the now positive policy rate, governing board member Andrea Maechler said on Thursday.
New York remains far and away the world's most favoured financial centre, with London still second and Singapore overtaking Hong Kong to come in third, latest rankings from the Global Financial Centres Index (GFCI) showed on Thursday.
