ING Vysya Bank (Vysya) and Kotak Mahindra Bank (Kotak) today announced their intention to merge their respective businesses. The combination of their businesses will lead to a strengthened position as one of India's leading privately held banks, with a wider geographical spread and enhanced expertise across customer segments and product categories.

Euro-denominated money market funds (MMFs) are moving closer to negative yields, on average, as declining short-term market rates have turned negative for most high quality money market issuers, Fitch Ratings says in its latest quarterly publication on European MMFs.

The California Public Employees' Retirement System (CalPERS) has committed $80 million with GCM Grosvenor (Grosvenor) in a California-focused private equity fund. The new commitment will be deployed through a direct investment vehicle starting by the end of the current year.

The California Public Employees' Retirement System (CalPERS) has received $249.3 million in damages from Bank of America, the result of a federal investigation settlement announced in August by California Attorney General Kamala Harris

The EDF Group, a leader in low carbon energy, and Amundi, the European leader in asset management, are pleased to announce their partnership for the creation of a joint asset management company.