The global non-bank financial sector — often referred to as shadow banking — is now larger than the traditional banking system, accounting for 51% of global financial assets, or $256.8 trillion, according to the Financial Stability Board (FSB). Crucially, the sector is expanding at double the pace of banks. 🔹 By the Numbers Non-bank intermediaries...
Elon Musk’s net worth has reached $600 billion, making him the wealthiest individual in history, according to Forbes — driven largely by expectations that SpaceX is preparing for an IPO. Reports suggest SpaceX could go public next year at a valuation of around $800 billion. Musk owns an estimated 42% stake, which alone could lift...
Artificial Intelligence is no longer a thematic trade — it is becoming a structural pillar of global investment strategies heading into 2026, according to outlooks from leading global brokerages. Despite periodic concerns around valuations and AI spending intensity, strategists broadly expect the bull market to extend, supported by resilient growth and an easing monetary backdrop....
Jamie Grant, Global Chair of Investment Banking at J.P. Morgan, will retire early next year after more than 40 years at the firm, according to an internal memo. Grant joined J.P. Morgan in 1980 and played a pivotal role in shaping the bank’s global investment banking franchise from its early days. 🔹 A Career That...
BlackRock has appointed Rob Jasminski, former head of Citi Investment Management (CIM), to lead a new wealth-management initiative overseeing approximately $80 billion in client assets transferred from Citigroup. The move follows a strategic agreement announced in September, under which a significant portion of Citi’s wealth portfolios will be managed by BlackRock through “Citi Portfolio Solutions...
The AI investment boom is entering a riskier phase, as Big Tech increasingly relies on external capital to fund surging costs — a shift that raises bubble risks, according to Greg Jensen, Co-CIO of Bridgewater Associates. “There is a reasonable probability that we will soon find ourselves in a bubble,” Jensen wrote. 🔹 Why the...