Retail trading platform Robinhood Markets said on Monday its cryptocurrency trading arm received a Wells notice from the U.S. Securities and Exchange Commission (SEC) on May 4.
The Swiss National Bank is examining the best way that financial assets can be digitally tokenised as a way of making payments more secure and efficient, Chairman Thomas Jordan said on Monday.
Shares of Grayscale Bitcoin Trust jumped 2.4% on Monday after the exchange-traded fund (ETF) that tracks the price of bitcoin saw its first day of inflow since January.
India’s IIFL Finance is facing a liquidity crunch as banks have turned cautious while lending to it following a clampdown on the non-bank lender’s gold loan business, a senior official and two bankers told Reuters.
Shares of Kotak Mahindra Bank rose as much as 5.5% on Monday, after the private lender’s quarterly profit beat estimates and said there will be very little financial impact of the recent regulatory crackdown by the central bank.
Australian bank Westpac raised its share repurchase programme by A$1 billion ($661 million) and declared a special dividend on Monday citing a strong balance sheet, even as its first-half profit fell 16% on tight competition and high costs.
Berkshire Hathaway significantly reduced its enormous stake in Apple in the first quarter, as Warren Buffett’s conglomerate let its cash hoard swell to a record $189 billion.
China’s Ping An Insurance Group Co, the biggest Asian investor in HSBC PLC did not support reappointing chief executive Noel Quinn as a director to the banks board at the its shareholder meeting, a source familiar with the matter told Reuters on Saturday, as the investor voted against such a move.
HSBC UK said on Saturday that all its services were functional after an intermittent disruption to its clients’ personal mobile and online banking services, during which its debit cards, credit cards, digital wallet and ATMs remained functional.
