HSBC cut Netflix (NFLX.O) PT to $104 from $113.

SWISS NATIONAL BANK said the Federal Council's proposal addresses the risks in a targeted way and primarily affects UBS.

Shenzhen Local Financial Regulatory Bureau warned illegal intermediaries are marketing fast approvals, rate cuts and “debt optimization” schemes to induce consumers to obtain loans or renegotiate repayments, infringing consumer rights and disrupting market order. They fabricate occupations, income and account flows to “package” borrowers as professional debtors, obtain loans and disappear, leaving consumers to bear debts and risks. Intermediaries also tout “transfer-to-reduce-rate,” “increase limits” and “big cuts in monthly payments” to steer consumers into high‑rate bridge financing, rollovers or improperly swap home mortgages into low‑rate inclusive business loans. The bureau urged preventive measures to curb these practices and protect consumers.