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New KYC Norms for Indian Mutual Funds: What Investors Need to Know

Indian investors heads up! New Know Your Customer (KYC) norms for mutual funds took effect on April 1, 2024. These changes aim to streamline...

US Property Losses Lead to 20% Plunge in Japanese Bank Aozora’s Shares

Japanese lender Aozora Bank Ltd. stunned investors by revealing losses linked to US commercial property, triggering a steep decline in its shares and raising...

AI-Driven Surge Leaves Fund Managers Surrendering to Passive Investing

The relentless rise of technology megacaps, including Microsoft, Nvidia, Apple, Alphabet, Amazon.com, Meta Platforms, and Tesla, has pushed fund managers to abandon active management...

Wells Fargo CEO Anticipates Future Impact of Fed Asset Cap, Highlights Current Economic Strength

Wells Fargo & Co. Chief Executive Officer Charlie Scharf addressed the Federal Reserve's asset cap and its potential impact on the bank's activities, acknowledging...

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