09:21 AM EDT, 03/25/2024 (MT Newswires) -- Financial stocks were declining premarket Monday, with the Financial Select Sector SPDR Fund ( XLF ) 0.2% lower recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was down 0.5%, and bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.5% higher.

HSBC Holdings' ( HSBC ) Winston Cheng is set to leave his post as the bank's co-head of technology, media, and telecom to join a Fortune 500 technology company, Bloomberg News reported, citing a company memo. HSBC ( HSBC ) was down marginally pre-bell.

Blackstone (BX) has no plans to exit The Office Group in the foreseeable future, the company said. A spokesman from Blackstone told MT Newswires that a report saying the company was in talks to exit The Office Group is untrue. Blackstone was down 0.2% premarket.