Wednesday, August 10, 2022
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Brokerage industry looks for alternatives to payment for order flow amid SEC’s threatened crack down

The brokerage industry is exploring alternatives to payment for order flow as SEC chair Gary Gensler takes aim at the practice.One idea is coming from Apex Clearing, CNBC has learned. The clearing firm handles trades for SoFi, Webull and other fintechs and has been quietly building a marketplace for

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Stocks making the biggest moves premarket: DocuSign, Vail Resorts, Stitch Fix and others

Check out the companies making headlines before the bell:DocuSign (DOCU) – The electronic-signature technology company's stock plunged 26.1% in the premarket after its quarterly profit and revenue fell short of Wall Street forecasts. DocuSign had previously warned that a return to post-Covid working conditions could cut into its business.Vail

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RBI advises Small Finance Banks to continue to evolve in tune with differentiated banking licenses

The Reserve Bank of India (RBI) has advised Small Finance Banks (SFBs) to continue to evolve in tune with the differentiated banking license given to them in a meeting held on June 10. The emphasis was laid on sustainable growth of SFBs, majorly on the governance system and business

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Govt preparing Cabinet note on cross-border insolvency

The Ministry of Corporate Affairs is reportedly preparing a Cabinet note on cross-border insolvency, which will be discussed soon by the Union Cabinet, sources told ETNow. As the inter-ministerial consultations are now over, a bill on cross-border insolvency is expected to be introduced in the Monsoon session of the

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No permission required to launch new life insurance products, says IRDAI

The Insurance Regulatory and Development Authority of India (IRDAI) has allowed life insurance companies to introduce products without taking its prior permission, extending the same relaxation it has given to health and general insurance companies ten days ago. In a notification posted on its website, the IRDAI said life insurance

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ADIA | IIFL Home Finance : Abu Dhabi Investment Authority buys 20% stake in IIFL Home Finance for Rs 2,200 cr

With an investment of Rs 2,200 crores through a wholly-owned subsidiary, the Abu Dhabi Investment Authority (ADIA) bought 20% stakes in IIFL Home Finance on June 10. However, approval from the regulatory board is still awaited. According to an external investor the deal, if approved, will be one of

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‘Buy now, pay later’ firms were already in trouble. Apple just gave them one more thing to worry about

Apple Pay Later will let users pay for things over four equal installments.Jakub Porzycki | Nurphoto | Getty ImagesAMSTERDAM — Apple's move into the crowded "buy now, pay later" space has raised the stakes for the fintech companies that pioneered the trend.The iPhone maker announced plans to launch its

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Fino Payments Bank Go Digit Partnership: Fino Payments Bank partners exclusively with Go Digit for shop insurance policy

Limited has collaborated with Go Digit General Insurance Limited, one of India's fastest growing general insurers, to provide small and medium business owners with a shop insurance coverage. Fino serves as a corporate representative for Go Digit. The partnership will allow small and medium businesses to take advantage of

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