JP Morgan EM index addition: Banks, FIs look to raise Rs 18,000 crore

Days after JP Morgan announced the inclusion of government bonds in its emerging market (EM) bond index, a host of banks and other financial institutions (FIs) are set to tap the debt market.......

SEC fines Citi, Amex, JP Morgan

The US regulators on Wednesday fined Citigroup, American Express, J.P. Morgan Chase & Co and Putnam Investments a combined $81.25 million for failing to provide customers with necessary information......

HSBC's AMC acquires L&T Mutual Fund business for $425 million

L&T Housing Finance on Thursday announced selling L&T Investment Management (LTIM) to HSBC Asset Management (India) at $425 million. LTIM is the investment manager of the mutual fund business of......

Hawkish RBI prompts debt mutual funds to reassess 'duration' of schemes

Debt fund managers are reassessing their strategies after the setback delivered by the Reserve Bank of India recently. Illustration: Uttam Ghosh/Rediff.com While most are refraining from any......