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4 Indian-origin persons among US' top wealth advisors: Forbes

4 Indian-origin persons among US' top wealth advisors: Forbes

Four Indian-origin persons have been named among America's top wealth advisors by Forbes on a list of 200 members who collectively manage USD 675 billion.

RBI to cut rates in August review despite inflation: BOFA-ML

RBI to cut rates in August review despite inflation: BOFA-ML

A day after data showed a spike in headline inflation for April, foreign brokerage Bank of America Merrill Lynch on Friday said it continues to expect a rate cut by RBI in its August policy.

 Alaska Air to buy Virgin America for $2.6 billion

Alaska Air to buy Virgin America for $2.6 billion

Alaska Air Group Inc said on Monday that it would buy Virgin America Inc for $2.6 billion to become the top carrier on the U.S. West Coast and compete more effectively with larger airlines

Lawsuit accuses 22 banks of manipulating US Treasury auctions

Lawsuit accuses 22 banks of manipulating US Treasury auctions

Primary dealers are the banks authorized to transact directly with the Federal Reserve who are big players in Treasury bond auctions and act as market makers in the secondary market.

Google reverses decision to delete British newspaper links

Google Inc on Thursday reversed its decision to remove several links to stories in Britain`s Guardian newspaper, underscoring the difficulty the search engine is having implementing Europe`s "right to be forgotten" ruling.

Much ado about nothing: Analysts on economic impact of polls

Credit Suisse as well as Bank of America Merrill Lynch have conveyed these views in the research notes prepared for their respective clients in India and abroad.

FTIL shares gain nearly 4% as Merill Lynch buys shares

Shares of Financial Technologies on Friday gained nearly 4 percent after foreign fund house Merrill Lynch Capital Markets Espana acquired 2.64 lakh shares in the Jignesh Shah-led firm.

FTIL shares up 5% as Merrill Lynch buys shares

FTIL's stock surged 4.99 percent to close the day at Rs 370 -- its upper circuit limit on the BSE.

Merrill Lynch buys 2.35 lakh shares in Financial Technologies

However, identity of seller (s) of the shares could not be ascertained immediately.

2/3rd of Asian mrkts have fin vulnerability: BofA Merrill Lynch

According to the global financial services major, in terms of the average magnitude of financial vulnerability for nine major Asian countries, we are getting close to what was observed in mid-1997.

Markets may see upside of 5% from current levels by mid-Nov

Markets are likely to see a limited upside of 5 percent from the current levels till November and may dip to 19,000-19,300 levels on corrections, according to a Bank of America Merrill Lynch report.

Merrill Lynch sells 2% stake in MCX for Rs 104 cr

Foreign fund house Merrill Lynch Friday sold nearly two percent stake in India's premier commodity bourse MCX for about Rs 104 crore.

Lending rate cut to boost deposits, not credit growth: BofA-ML

Bank of America-Merrill Lynch (BofA-ML) Tuesday said the recent lending rate cut by RBI will not give the much-needed leg-up to the tepid credit growth, but deposits will pick up momentum from next month.

RBI draft norms for loan restructuring may hit banks' earnings

RBI's new draft guidelines for restructured loans are likely to hit earnings of banks by at least 3-8 percent over the next two years, while some public sector banks are expected to get most impacted, a report by Bank of America Merrill Lynch has said.

Merrill Lynch expects 0.25% rate cut by RBI on Jan 29

The RBI has not lowered the key policy rate (repo rate) since April 2012 on concerns of inflation.

BofA-ML sees diesel price hike adding 120 bps to inflation

"The bottomline is that inflation will follow an inverted U in FY14, after last week's diesel price hikes that will add 120 bps to FY14 inflation.

Financial Times touted by investment banks for 1billion pounds

The Financial Times is being touted for sale by investment banks including Nomura and Bank of America Merrill Lynch for up to 1billion pounds.

Foreign funds buy IVRCL shares worth Rs 41 cr

According to the bulk data available with the stock exchanges, foreign fund house Merrill Lynch Capital Market Espana, a shareholder IVRCL, purchased shares worth Rs 23.2 crore.

Julius Baer to buy Merrill's Intl Wealth Mgmt Biz outside US

The transaction is estimated to increase Julius Baer's existing asset under management by around 40 percent to 251 billion Swiss francs and its total client assets to 341 billion francs at the end of the two-year integration period, the Swiss private banking group said in a statement.

Jet, Spicejet to return to profitability by FY'14: BofA-ML

"These carriers will substantially lower their losses in FY2012-13 and return to profit in FY2013-14," Bank of America- Merrill Lynch said in a report.