PB Fintech’s $3.3 Billion Rout Fuels Rush to Leveraged Bets
PB Fintech shares dropped by $3.3 billion following a proposal by India's insurance regulator to cap commissions and management expenses. Traders responded by increasing leveraged bets on the company's stock.
Traders piled into leveraged bets on Temasek-backed PB Fintech Ltd. as the stock lost $3.3 billion in market value on Thursday after India’s insurance regulator proposed caps on commissions and management expenses.
READ NEXT
More on the wire
AI TLDR
NASA and Boeing officials are holding a briefing to discuss the future of the Starliner spacecraft and plans for regular crewed flights to the International Space Station.
AI TLDR
Mayor Zohran Mamdani is scheduled to appear as a guest on "Jimmy Kimmel Live!" during the show's week-long broadcast from Brooklyn.
AI TLDR
A California business owner issued an apology after a viral video showed her berating a street taco vendor, leading to significant online backlash.