Citi and Merrill Lynch reportedly have bought stakes in India's largest commodities exchange amid a thriving market for cross-border mergers and acquisitions of bourses.

The two banks bought 5% stakes in the Multi Commodity Exchange of India, in a deal worth about $162m (€114m), according to Bloomberg.

Citi and Merrill invest in Indian exchange

Paula Schaap in New York

Morgan Stanley

Goldman Sachs

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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Tricks of the trade gain new importance as 401(k) accounts open up to alternative investments.

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The bank’s economists had predicted tariffs could cause inflation and slow economic growth.

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Tech execs are paying tens of thousands to find brilliant dates or select high-IQ embryos. “They want to raise high-performing children.”

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The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

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The bank’s quarterly net result declined but revenue rose 13% compared with a year ago, and it reaffirmed its capital returns plans.

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A weekly call turned into a celebration of heroes as staffers comfort one another through lingering trauma.

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Big stock awards have grown much bigger for the chief executives of Palantir and Broadcom, driven by dramatic market gains and, in some cases, complex multipliers.

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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