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- China grants approval to Citi for wholly - owned securities company in opening - up push
- China grants approval to Citi for wholly - owned securities company in opening - up push
- China grants approval to Citi for wholly-owned securities company in opening-up push
- House committee says Webull messages point to China access to U.S. customer data
An analysis of internal Webull messages by the House Select Committee on China suggests an employee based in China had access to information about a U.S. customer, despite the company saying it bars such sharing. The 2021 Microsoft Teams messages between a Webull U.S. brokerage manager, Brendan Fuller, and employee Zhenghan Wang discuss approving a trading account, and the committee says Wang was likely in China at the time. The analysis comes nearly two weeks after the committee's October 7 report concluded that Webull, which has 28 million users, is 'tied in structural ways' to China's government, and Webull shares fell more than 19% after that report. Webull says U.S. customer data is stored only in the U.S. and sensitive data is restricted to U.S.-based employees, and it argues the messages relate to a routine 2021 FINRA matter that has concluded.
- A Bank Stock Is Being Accumulated by Securities Firm Proprietary Trading for Hundreds of Billions of VND This Weekend
Securities firms' proprietary trading net bought VND 12 billion on HOSE, led by ACB at VND 240 billion, followed by TCB (VND 55 billion), VPB (VND 26 billion) and VIC (VND 20 billion). On the other side, the group net sold most heavily at KBC at VND 204 billion, followed by TPB (VND 171 billion) and FPT (VND 23 billion). In the weekend session of 23/10, VN-Index dipped slightly on selling pressure in banking and securities stocks, then turned higher to close up 13.52 points (0.77%) at 1,774.15 points as buying improved. Foreign investors reversed course to net sell VND 470 billion after two consecutive sessions of net buying.
- Fund linked to billionaire Nguyen Thi Phuong Thao unexpectedly becomes major shareholder of a securities company
HDCapital, a fund management company in the HD Financial Group ecosystem linked to HDBank, said it became a major shareholder of SmartInvest Securities (AAS) from 21 October 2026 after buying 2 million more shares, lifting its stake to 5.22% of charter capital. Billionaire Nguyen Thi Phuong Thao serves as Standing Vice Chairwoman of HDBank's Board of Directors. With no related parties holding AAS shares, the combined holding of HDCapital and related persons remains 12 million shares. AAS trading volume surged to about 7.85 million shares on 19 October, 6.5 million on 20 October and over 3.33 million on 21 October, several times higher than a month earlier. AAS also unveiled a new brand and positioning, shifting from brokerage toward investment advisory and asset management for individual investors through a “Hybrid Wealth Advisory” model.
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- TST, Phong Liệu Wind Power... Receive Penalties from State Securities Commission
The State Securities Commission's inspectorate fined Education Infrastructure Group JSC a total of 230 million VND under Decision 628/QĐ-XPHC dated Oct. 21, 2026, for late periodic disclosures and late registration and trading registration of private corporate bonds EIGCH2227001 and EIGCH2227002, with delays of 12 months or more. Under Decision 632/QĐ-XPHC of the same date, Telecommunications Technical Services JSC (TST, UPCoM) was fined 60 million VND for incomplete disclosure, including failing to report a 5.9 billion VND loan from board member and CEO Lê Minh Hải in its 2025 corporate governance report. TST was also fined 85 million VND for disclosures made less than 15 days late and 6.25 million VND for another violation that the article cuts off.
- Argentinian judge drops fraud investigation into Milei over crypto scandal
Federal judge Marcelo Martinez de Giorgi has dropped the criminal investigation into President Javier Milei and his sister Karina Milei over the collapse of the $Libra token, which Milei promoted on X in February 2025. The judge ruled that the reported events “do not constitute a criminal offence” and that investor losses and price swings were insufficient to establish fraud. A probe into US businessman Hayden Davis, who described himself as a “launch adviser” for the token, was also dismissed; Davis acknowledged holding close to 100 million U.S. dollars after the crash but denies any wrongdoing. Milei said he had acted “in good faith” and accused political rivals of trying to exploit the situation.
- EUR/USD Slips as Reports Link Euro Weakness to France Fiscal and Political Risks
EUR/USD fell on Friday as reports tied the euro's weakness to fiscal and political strains in France. FXStreet's snapshot at 18:01 UTC on Oct. 23 showed the pair at 1.1190, down 0.22% on the day. France's general government debt reached €3,595.5 billion at the end of Q2 2026, or 119.0% of GDP, up from 117.5% in Q1, according to the National Institute of Statistics and Economic Studies. Reuters said investors are demanding a risk premium on French debt not seen since the 2011 eurozone sovereign-debt crisis, while Moody's maintained France's rating and negative outlook. Commerzbank expects the Fed and ECB to hold rates this month, with 25-basis-point increases in December if tensions in French bond markets do not intensify, a forecast rather than a policy commitment.
- U.S. consumer sentiment falls, inflation expectations fly high
The University of Michigan's Index of Consumer Sentiment fell to 48 in October 2026, down 0.2% from September, 10.4% below a year earlier, and 15% lower than in February, just before the Iran conflict. The Current Economic Conditions Index dropped to 46.7 from 50.9, with buying conditions for durables plunging 18% amid higher interest rates and affordability concerns. About 69% of consumers expect interest rates to rise over the next year, the highest since April 2023. Year-ahead inflation expectations edged up to 4.7% from 4.6%, while long-run expectations rose to 3.5% from 3.4%, both at their highest since May.
- Advanced Micro Devices (NASDAQ: AMD) Price Target Raised to $620.00
Susquehanna raised its price target on Advanced Micro Devices (AMD) from $550 to $620 and kept a positive rating on the stock. Goldman Sachs earlier lifted its target to $640, while Bernstein and Jefferies each set $650 targets. According to MarketBeat, analysts' ratings include three Strong Buy, 31 Buy, eight Hold and one Sell, with an average price target of $606.76. Shares opened at $516.79, within a 52-week range of $188.22 to $658.52, and the market capitalization is $843.65 billion. In the latest quarter, AMD reported EPS of $1.66, above the $1.62 consensus, and revenue of $11.54 billion, up 50.1% year over year; over the last quarter insiders sold 231,100 shares worth $114,867,400.
- Trump revives threat of US intervention in Cuba at Florida rally
Speaking at a South Florida rally, Trump said a U.S. ship returning from the Iran war could stop about 50 yards off Cuba's coast, and that Secretary of State Marco Rubio could “finish up the deal.” After the rally, Rubio urged Cubans seeking change to pursue it through a “discrete partnership with the CIA.” Trump has said he expects the countries to reach a deal and that military action may not be necessary, while Rubio has voiced doubts about a diplomatic agreement. U.S. officials held talks with Cuban officials in recent months, but Washington has since imposed additional sanctions on the Cuban government. Cuba has faced an economic and energy crisis since 2020, with blackouts, food shortages and inflation, and hundreds of thousands of Cubans have migrated, many to the United States.
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