As Bank of America (BofA) prepares to meet investors in Boston this November — its first such gathering since 2011 — CEO Brian Moynihan faces a familiar challenge:how to turn stability into superior returns. 📈 The Performance Gap BofA’s 15.4% ROTCE trails JPMorgan’s 20%, underscoring a widening gap between the U.S.’s top banks.Analysts say BofA...
Global PE giant KKR just confirmed what many have been waiting for —Asia is back on the map for liquidity. Co-CEO Joe Bae announced that half of KKR’s global 2025 private equity distributions will come from Asia, marking a decisive recovery in exits across IPOs and M&A. “This year is going to be our big...
OpenAI has signed a seven-year, $38 billion cloud services deal with Amazon Web Services (AWS) — its biggest move yet after a major restructuring last week gave the company more financial autonomy and strategic freedom. The agreement will provide hundreds of thousands of Nvidia GPUs to train and scale OpenAI’s next generation of models —...
In a rare move for the hedge fund industry, Millennium Management has sold a 15% equity stake—valued at $2 billion—to a select group of institutional investors, marking the firm’s first-ever ownership sale since its founding in 1989. The transaction, led by Goldman Sachs’ Petershill unit, values Millennium at $14 billion and signals a new era...
A coalition of global investors managing $18 trillion in assets has called for the creation of an International Minerals Agency (IMA) — a new body modeled after the International Energy Agency (IEA) — to oversee mineral supply chains and sustainability standards worldwide. The proposal, unveiled in São Paulo by the Global Investor Commission on Mining...
Japanese Prime Minister Sanae Takaichi reaffirmed that Tokyo has no plans to renegotiate its $550 billion investment package with the United States — signaling policy continuity and commitment to global investors. “Even if the prime minister changes, promises made between governments should not be altered,”Takaichi told reporters after a summit week with President Donald Trump....