Swiss bank UBS is closing its brokerage in Mexico, said three people familiar with the matter, following in the footsteps of other large global financial institutions that have opted to leave Latin America’s second largest economy.
Russian stock indexes ended the trading day on Thursday with an upward trend.
Bank of America (NYSE:BAC) reported on Thursday third quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Russian stocks opened higher on Thursday as the MOEX Index gained 0.87% to 4,280.76 points, while the RTS Index added 1.09% to 1,875.38 points.
The remained unchanged at 71.97 rubles in early trading on the Moscow Exchange on Thursday.
Stocks wavered after the Federal Reserve meeting minutes showed policy makers setting a timeline for the bond taper to start as soon as the middle of next month.
Itau’s push to gain clients comes as fintechs such as Berkshire Hathaway (NYSE:BRKa) Inc-backed Nubank and General Atlantic’s Neon have been adding millions of clients from traditional banks, as well as the unbanked population.
The MOEX index decreased by 0.47% to 4,243.92 points, the dollar-denominated RTS index – by 0.79% to 1,855.11 points.
The Russian stock indices started trading with a decline on Wednesday.
A group of banks that partnered with the London Metal Exchange (LME) to launch gold and silver futures in 2017 is preparing to abandon the project after hoped-for volumes did not materialise.