09:15 AM EDT, 03/22/2024 (MT Newswires) -- Financial stocks were leaning lower premarket Friday, with the Financial Select Sector SPDR Fund ( XLF ) down 0.1%.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was 0.2% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.3% higher.

UBS (UBS) plans to close thousands of small former Credit Suisse accounts at its Asia-Pacific wealth management arm, people familiar with the matter told Bloomberg News. UBS was up 0.1% in recent Friday premarket activity.

Bank of Montreal's ( NRGD ) BMO Global Asset Management said it has partnered with US private equity giant Carlyle Group ( CG ) to offer Canadian accredited investors exposure to private markets. Bank of Montreal ( NRGD ) was marginally lower in recent Friday premarket activity.