09:26 AM EDT, 08/25/2025 (MT Newswires) -- Financial stocks were declining premarket Monday, with the Financial Select Sector SPDR Fund (XLF) down 0.1%.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was 0.5% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was up 0.6%.

HSBC Holdings' ( HSBC ) Swiss private bank is cutting ties with wealthy Middle Eastern clients as part of its efforts to reduce exposure to individuals considered high-risk, media outlets reported, quoting sources. Shares of HSBC Holdings ( HSBC ) were 0.2% higher pre-bell.

BlackRock ( BLK ) stopped fundraising for its latest Asian private credit strategy fund earlier this year, Bloomberg reported, citing people familiar with the matter. BlackRock ( BLK ) shares were down more than 1% premarket.