Online trading platforms down for thousands of users, Downdetector shows

Online trading platforms Charles Schwab , Fidelity Investments and TD Ameritrade were down for thousands of users on Monday, according to outage tracking website Downdetector.com.

South African banks report their half-year earnings from Tuesday, with the focus on whether credit impairments have peaked and on the interest rate outlook, with rates expected to fall in September for the first time since July 2020.

Global private credit firms, including industry leader Ares Management, are increasingly focused on Italy as more small businesses which are the backbone of its economy open up to outside investors, providing buyout deal opportunities.

As JPMorgan Chase investors puzzle over who will eventually replace Jamie Dimon as CEO, two of the contenders say they are more focused on winning market share and developing the bank’s future leaders.

The Russian subsidiary of Austria’s Raiffeisen Bank International said on Monday it had temporarily suspended the opening of new brokerage accounts as European regulators demand the group reduce its Russia exposure.

Private equity firm Carlyle Group reported a larger-than expected 11.7% year-on-year drop in second-quarter distributable earnings on Monday, as record revenue from management and transaction fees did not offset a big drop in performance fees.

GooglePay, Walmart-backed PhonePe and AmazonPay are among five payment firms seeking to join the Indian central bank’s digital currency pilot by offering transactions via the e-rupee, three sources directly involved in the discussions said.

Chinese regulators have in recent months asked several large state-owned clients of PricewaterhouseCoopers (PwC) to drop the auditor as it braces for penalties over its work for troubled property developer Evergrande, said two sources.

Warren Buffett appears to have soured on stocks, letting cash at Berkshire Hathaway soar to nearly $277 billion and selling about half its stake in Apple , even as the conglomerate posted a record quarterly operating profit.

Global investor appetite for the most expensive multi-strategy hedge funds has fallen, Goldman Sachs said in a report to clients seen by Reuters on Friday, though more investors plan to add hedge funds to their portfolios.

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