By Nell Mackenzie LONDON (Reuters) -Wealthy investors in the United States and Asia have cancelled plans to put money into U.S. hedge funds this year, while increasing their exposure to Europe and the Middle East, according to a Bank of America survey seen by Reuters on Thursday. Half of the allocators who told Bank of America last year they would invest in U.S. hedge funds have now ditched these plans, according to the survey. The report, which canvassed 263 respondents, representing around $840 bill ...

Can’t we all just get along? Dynasty Financial Partners announced a minority stake in a massive new RIA with $129 billion in client assets that recently broke away from Merrill Lynch. It’s one of the largest deals in recent memory and will add some 160 financial advisors to the Dynasty platform, according to a Form ADV. It’s the latest example of the breakaway movement that has lured thousands of advisors and advisory teams away from wirehouses and into the independent channel. The blockbuster move has a ...

A September to remember for equities, which has seen all four major U.S. equity benchmarks notch record highs, is giving U.S. investors an excuse to exit their winners and seek the sureties of diversification, per a new note from Bank of America  (BAC) . On Wednesday, BofA Securities said that individual large cap stocks saw net outflows of $5.2 billion, the largest weekly outflows since Oct. 2024. Clients of the bank were "net sellers of U.S. equities for the second straight week." Hedge funds, instituti ...

从历史角度来看，美国股市"极其昂贵"。但美国银行策略师表示，深入研究就会发现如此高的估值或许 是有道理的。 这一观点与其他华尔街人士的观点形成了鲜明对比，其中一些人将美股的高估值与世纪之交的互联网泡 沫相提并论，并警告称类似的情况有可能再度发生。 美国银行股票与量化策略部门主管Subramanian表示："该指数与上世纪80年代、90年代和21世纪初相比 发生了显著变化。或许我们应该将当前的市盈率作为新常态，而不是期待市场会回归到过去那种模 式。" 尽管美国关税政策及其对经济增长和通胀的潜在影响存在风险，标普500指数仍较4月8日的低点飙升逾 30%。标普500指数在稳步攀升：该基准指数已连续108个交易日跌幅未超过2%，这是自2024年7月以来 持续时间最长的一次。 本周，标普500指数的12个月预期市盈率达到了22.9倍的高位，本世纪仅有两次突破这一水平：互联网 泡沫破裂时期，以及2020年夏天疫情反弹期间，当时美联储将利率降至接近零的水平。 美联储主席杰罗姆.鲍威尔在周二的一次演讲中指出，从诸多指标来看，股市估值"相当高"。 美股估值处于高位 由Savita Subramanian领导的美国银行团队表示 ...

Rubicon Carbon Chairwoman, Former Bank of America Vice Chair Anne Finucane speaks with Bloomberg's Paul Sweeney and Tom Keene at the Bloomberg Global Forum about transition finance and global outlook. ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Merrill Lynch is accusing Dynasty Financial Partners, Charles Schwab and a host of former advisors of running a “premeditated corporate raid” by luring a large, institutional-focused team out of the wirehouse to form a $129 billion RIA. In the suit filed Tuesday afternoon in Georgia federal court, Merrill accused numerous principals of the wirehouse’s Atlanta-based Global Corporate and Institution ...

Report Summary 1. Report Industry Investment Rating The document does not provide the industry investment rating. 2. Core View of the Report In August 2025, the leverage ratio of the inter - bank bond market increased slightly month - on - month and was lower than the same period in previous years. The total bond custody scale of China Central Depository & Clearing Co., Ltd. (CCDC) and Shanghai Clearing House increased. Different institutions had different investment preferences for various bonds, with commercial banks increasing their allocation of treasury bonds and policy - financial bonds, and broad - based funds increasing their holdings of local government bonds [1][2][50]. 3. Summary by Relevant Catalogs 3.1 Bank - Inter Leverage Ratio In late August, the inter - bank bond market leverage ratio was 106.88%, up 0.07 pct from the end of the previous month, and generally lower than the leverage ratio in the same period of previous years [1]. 3.2 Custody Data Overview In August 2025, the total bond custody scale of CCDC and Shanghai Clearing House was 174.54 trillion yuan, a month - on - month increase of 1.506 trillion yuan. Among them, CCDC's custody scale increased by 1.5382 trillion yuan, and Shanghai Clearing House's decreased by 32.2 billion yuan. Treasury bonds, local government bonds, policy - bank bonds, and medium - term notes contributed to the increase, while enterprise bonds, short - term financing bills, ultra - short - term financing bills, directional instruments, and inter - bank certificates of deposit contributed to the decrease [2][12]. 3.3 By Bond Type - **Interest - rate Bonds**: In August 2025, the total custody scale of major interest - rate bonds was 116.60 trillion yuan, a month - on - month increase of 1.7871 trillion yuan. Commercial banks were the main buyers, increasing their holdings by 1.2979 trillion yuan. Broad - based funds, insurance institutions, etc. also increased their holdings, while overseas institutions reduced their holdings [3][49]. - **Credit Bonds**: The total custody scale of major credit bonds was 16.06 trillion yuan, a month - on - month increase of 23 billion yuan. Commercial banks were the main buyers, increasing their holdings by 54.4 billion yuan. Broad - based funds and securities companies were the main sellers, reducing their holdings by 18.1 billion yuan and 14.8 billion yuan respectively. Insurance institutions and overseas institutions also reduced their holdings [3][49]. - **Inter - bank Certificates of Deposit**: The custody scale was 20.38 trillion yuan, a month - on - month decrease of 355.6 billion yuan. Broad - based funds and commercial banks were the main sellers [3][49]. 3.4 By Institution - **Commercial Banks**: The custody scale of major bonds was 85.29 trillion yuan, a month - on - month increase of 1.153 trillion yuan. They increased their holdings of interest - rate bonds and credit bonds by 1.2979 trillion yuan and 54.4 billion yuan respectively, and reduced their holdings of inter - bank certificates of deposit by 199.3 billion yuan [4][50]. - **Broad - based Funds**: The custody scale of major bonds was 37.38 trillion yuan, a month - on - month decrease of 172.3 billion yuan. They increased their holdings of interest - rate bonds by 120.7 billion yuan and reduced their holdings of credit bonds and inter - bank certificates of deposit by 18.1 billion yuan and 274.9 billion yuan respectively [4][50]. - **Overseas Institutions**: The custody scale of major bonds was 3.69 trillion yuan, a month - on - month decrease of 98.8 billion yuan. They reduced their holdings of interest - rate bonds, credit bonds, and inter - bank certificates of deposit by 27.5 billion yuan, 3.5 billion yuan, and 67.8 billion yuan respectively [4][54]. - **Insurance Institutions**: The custody scale of major bonds was 4.26 trillion yuan, a month - on - month increase of 43.2 billion yuan. They increased their holdings of interest - rate bonds by 49.5 billion yuan and reduced their holdings of credit bonds and inter - bank certificates of deposit by 5.9 billion yuan and 0.4 billion yuan respectively [4][54]. - **Securities Companies**: The custody scale of major bonds was 2.64 trillion yuan, a month - on - month decrease of 2 billion yuan. They increased their holdings of interest - rate bonds by 13.4 billion yuan and reduced their holdings of credit bonds and inter - bank certificates of deposit by 14.8 billion yuan and 0.6 billion yuan respectively [4][54]. - **Credit Unions**: The custody scale of major bonds was 2 trillion yuan, a month - on - month increase of 11.9 billion yuan. They increased their holdings of interest - rate bonds and credit bonds by 22.1 billion yuan and 0.7 billion yuan respectively, and reduced their holdings of inter - bank certificates of deposit by 10.8 billion yuan [5][55].

Merrill Lynch filed a lawsuit against Charles Schwab, Dynasty Financial Partners, and a group of former Merrill Lynch financial advisors that oversaw $129 billion in assets, accusing the defendants of conspiring to "poach†its business, advisors, and support staff. ...

Accessibility StatementSkip Navigation LiftFund Funding Bolsters Small Business Relief in Texas Disaster Areas as Other Aid Deadlines Close SAN ANTONIO, Sept. 24, 2025 /PRNewswire/ -- LiftFund, a leading nonprofit small business lender, today announced a significant commitment from Bank of America to support small businesses recovering from recent devastating floods in Texas's Hill Country. The bank's contribution of $1 million in lending capital and an additional $100,000 for LiftFund disaster relief opera ...

Bank of America Corporation (NYSE:BAC) ranks among the hot stocks to invest in right now. On September 9, TD Cowen confirmed its Buy rating on Bank of America Corporation (NYSE:BAC) and set a price target of $54, citing the bank’s positive earnings forecast. The firm emphasized Bank of America’s advantageous position, which it says is based on the strength of net interest income (NII) and potential fee growth. Pixabay/Public Domain TD Cowen reported that BofA CFO Alastair Borthwick gave a “consistent to ...