India’s State Bank of India (SBI) and Europe’s Amundi have announced plans to jointly sell a 10% stake in SBI Funds Management through an IPO — marking one of the most anticipated listings in India’s booming capital markets. SBI Funds Management is India’s largest asset manager, commanding 15%+ market share and overseeing ₹120 billion ($1.37B)...
India’s market regulator, SEBI, is signaling flexibility on its plan to sharply cut brokerage fees paid by mutual funds — a move that had drawn strong resistance from brokers and asset managers. Under the initial proposal, SEBI aimed to lower the cap from 12 basis points to just 2 bps for cash market transactions —...
As billions pour into AI infrastructure and chip manufacturing, investors are increasingly split on whether this is the next industrial revolution — or the next dot-com. A BofA Global Research survey shows 54% of fund managers believe AI is already in a bubble, while 38% disagree. Yet, most are still buying — signaling that conviction...
At its latest investor day, Bank of America’s wealth division — which includes Merrill Wealth Management and the Private Bank — set an ambitious target of 4–5% net new asset growth in the medium term. “We have the scale and infrastructure to outpace the industry,”said Eric Schimpf, Co-President of Merrill Wealth Management. The business expects...
Australia’s securities regulator has sounded a serious alarm over financial advice on self-managed super funds (SMSFs) — revealing that 27% of reviewed cases could cause “serious harm” to retirement savings. According to the Australian Securities and Investments Commission (ASIC),➡️ 62% of SMSF recommendations failed to meet the legal duty to act in clients’ best interests.➡️...
Wall Street’s bonus season is shaping up to be the best since 2021, driven by surging deal flow, trading volatility, and record valuations, according to Johnson Associates. Equity sales & trading desks are the biggest winners — with bonuses up 15–25%, while M&A and equity underwriting bankers can expect 10–15% jumps. “Markets are at record...