Online brokerage Robinhood Markets has reported first-quarter profits that exceeded expectations, driven by strong crypto trading volumes and increased net interest revenue. Robinhood’s profit for the first quarter stood at $157 million or 18 cents per share, surpassing expectations of 6 cents per share, Reuters reported Wednesday (May 8), citing...
Aiming to offer asset management consulting services both online and in person, Tokyo-based Mizuho Securities and Tokyo-based Rakuten Securities Holdings have announced a strategic capital and business alliance. In the deal, Mizuho Securities is to buy 19.99% of Rakuten Securities Holdings for 80 billion yen...
May 21, 2024
Robinhood has introduced new, lower margin rates that it said are the lowest among leading brokerages. The rates vary based on the customer’s total margin balance and range from 5.7% to 6.75%, the online brokerage said in a Tuesday (May 21) press release. Six rates are offered in this tiered margin structure, ranging from 5.7% on margin […]
May 08, 2024
Online brokerage Robinhood Markets has reported first-quarter profits that exceeded expectations, driven by strong crypto trading volumes and increased net interest revenue. Robinhood’s profit for the first quarter stood at $157 million or 18...
October 07, 2022
Aiming to offer asset management consulting services both online and in person, Tokyo-based Mizuho Securities and Tokyo-based Rakuten Securities Holdings have announced a strategic capital and business alliance. In the...
