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India seeks higher weighting in MSCI equity indexes

Bloomberg India thinks its stocks aren’t fairly represented in several MSCI gauges that are closely tracked by investors around the world. The nation is seeking a review, The Economic Times reported on Monday. A team led by Prime Minister Narendra Modi’s principal economic adviser Sanjeev Sanyal is in discussions with MSCI Inc. since February to push for higher benchmark weighting ...

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Swiss verdict may add to UBS’s tax woes

Bloomberg UBS Group AG thought it had seen the worst of its French tax scandal when the lender was slapped with a record $5 billion penalty in Paris last month. A looming Swiss Supreme Court ruling could add to its woes. The court will decide in the coming weeks on whether a lower administrative court was right to rule UBS ...

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Deutsche Bank’s DWS soars to record high on Allianz interest

Bloomberg Deutsche Bank AG’s DWS Group soared the most ever in Frankfurt trading on news that Allianz SE is exploring the possibility of combining it with its asset management arm to create a national champion in active money management. The Munich-based insurer is looking at the feasibility of a deal with Germany’s largest lender to create a business with 1.17 ...

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