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Broker News | SVB Crisis: eToro Cuts Down Leverage on New Positions in Banking Sector

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Broker News | SVB Crisis: eToro Cuts Down Leverage on New Positions in Banking Sector

#Industry
01 Retail Investors Calm after SVB Collapse, Spectrum Markets’ SERIX, Finds

The findings are based on sentiment towards NASDAQ 100 and S&P 500.
In the US, bank stock prices tumbled on Monday but rebounded the following day.

02 CySEC Supervised 837 Entities and Imposed €2.9 million Fines in 2022
CIFs represent the majority of licensed and sanctioned entities.
CySEC's oversight extends to two new types of companies: crowdfunding and PEPP.

03 IG Closes Q3 with 18% OTC Derivatives Revenue Drop
Active clients of IG’s OTC products dropped by 8 percent.
The group is expecting to meet market expectations with FY23 revenue and profits.

04 SVB Crisis: eToro Cuts Down Leverage on New Positions in Banking Sector
The leverage restriction comes days after SVB collapse.
eToro said leverages on existing positions remain.

 

#Broker

01 Robinhood Clients Report Difficulty Cashing Out Profits from Trades against SVB

Robinhood's CEO Vlad Tenev commented on the recent issue and promised to "resolve it ASAP."
The issue is reminiscent of 2021 and the 'meme stocks' mania.

02 Swissquote Sees 19% Net Profit Decline in 2022, Bullish with 2023 Outlook
The net trading income on the platform decreased by 23.8 percent.
However, the company gained from interest income.

03 UAE’s Noor Capital Takes 75% Shareholding in UK Broker, House of Borse
Noor Capital's CEO and General Manager have been appointed Directors at House of Borse.
House of Borse has been serving professional clients since 2016.

04 AIToolGuru.com Simplifies Access to Cutting-Edge AI Tools
AIToolGuru makes it easy for users to stay informed and up-to-date.

 

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