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Yandex, VTB to launch investment service

Sep. 13, 2019 9:04 AM ETYandex N.V. (YNDX) StockYNDXBy: Jason Aycock, SA News Editor
  • Yandex (YNDX +0.6%) will start a new national investment service in partnership with Russian lender VTB, according to a report in Russia's The Bell.
  • Yandex.Investments will offer investors (including nonprofessionals) the chance to buy stocks as well as other securities, and will look to draw in customers with low minimum investment. (h/t Bloomberg)
  • That might draw regulatory looks as Russia's Central Bank looks to protect retail investors from risks.
  • It's the first major Yandex product in fintech since the company sold 75% of Yandex.Money to Sberbank.

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