09:20 AM EDT, 04/10/2026 (MT Newswires) -- Financial stocks were leaning lower premarket Friday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.1%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 0.3% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 0.5%.

Switzerland's criminal court said Friday it has discontinued a proceeding against UBS (UBS) in connection with alleged money laundering in a case involving Mozambican state-owned companies. UBS Group ( UBS ) shares were 0.9% higher pre-bell.

HSBC ( HSBC ) and Anchorpoint Financial, a Standard Chartered joint venture, have been granted stablecoin issuer licenses by the Hong Kong Monetary Authority, the regulator said. HSBC ( HSBC ) stock was 0.6% higher premarket.

A Morgan Stanley ( MS ) affiliated entity is planning to participate as a cornerstone investor in Victory Giant Technology Huizhou's planned listing in Hong Kong that could raise about $2 billion, Bloomberg reported, citing people familiar with the matter. Morgan Stanley ( MS ) shares were slightly declining premarket.