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stock lendingCNBC
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83% Informative
Stock trading app Robinhood launches a new feature in the U.K. allowing retail traders to lend out any stocks they own outright in their portfolio to interested borrowers.
Shares lent out via the Robinhood app will be treated as collateral, with Robinhood receiving interest from borrowers and paying it out monthly to lenders.
Share lending is risky — not least due to the prospect that a borrower may end up defaulting on their obligation.
It comes as domestic U.K. trading firms have faced difficulties over the years . Hargreaves Lansdown , for example, last month agreed a 5.4 billion ( $7.1 billion ) acquisition by a group of investors including CVC Group . The company has been battling issues including regulatory changes, new entrants into the market, including Revolut , and the expectation of falling interest rates. Unlike Robinhood , which doesn't charge commission fees, Hargreaves Lansdown charges a variety of different fees for consumers buying and selling shares on its platform..
VR Score
87
Informative language
88
Neutral language
82
Article tone
informal
Language
English
Language complexity
54
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not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
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1
Source diversity
1
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