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Allianz : reorganises asset management business
Allianz said it is reorganizing its asset management business to give better visibility to its two main brands, Pimco and Allianz Global Investors.
Pimco is...
PruProtect : attributes profits to selling through IFAs
The introduction of seven new products and the use of IFAs have both been identified as factors that enabled PruProtect to deliver a £2.2...
BNP Paribas : stress tests do not obviously show banks need more capital
Recent stress tests carried out in Europe show most European banks have enough capital and don't need additional capital buffers to withstand the current...
Deutsche Bank: many European banks can not handle all sovereign losses
Deutsche Bank AG Chief Executive Josef Ackermann said Monday that many European banks wouldn't be able to absorb losses from sovereign bonds if the...
Chile Central Bank considers it too early to cut interest rates
Central Bank of Chile said at its August 18 monetary policy meeting that it considers it too early to cut interest rates, and this...
AXA : Axa buys stake in HSH Nordbank’s private equity portfolio
Axa Private Equity annoounced it has it bought a majority stake in a portfolio of private-equity fund investments from Germany's HSH Nordbank AG.
Financial details...
Irene / damage : P&C insurance company shares rise
Shares of property and casualty insurers rose after the damage from Hurricane Irene appeared to be less than the market had predicted.
Complete clarity on...
Admiral : record profit but market eyes competition
U.K. motor insurer Admiral Group posted record first-half profit as its revenue soared 53%, but its shares fell on concerns that the company's major...
Gold : BNP Parisbas ups gold forcast
French bank BNP Paribas upped its gold price forecasts Wednesday, saying it expects gold to average at $2,080 a troy ounce in 2012, up...
Europe : central banks buy half of Swedish bond
Central banks picked up nearly half of Sweden's EUR1 billion bond issued Tuesday, in a deal that was the cheapest-ever syndicated transaction completed in...
Weak EU banks may push world into 2nd financial crisis
Weak banks in the European Union could add pressure to that region's sovereign debt woes and lead the world into a second financial crisis,...
Societe Generale : signs liquidity contract with Rothschild
Societe Generale SA, France's second-largest bank, signed a liquidity contract on its shares with Rothschild & Cie, which will allow the financial company to...
ANZ China : trading gold futures on Shanghai bourse
Australia & New Zealand Bank (China) has become the second foreign bank to trade gold futures on the Shanghai Futures Exchange, potentially heralding increased...
AXA Real Estate : completes €2.13 billion of transactions in H1 2011
AXA Real Estate Investment Managers announces that it has completed €2.13 billion of transactions in Europe on behalf of clients in the first half...
Amlin : record loss after series of catastrophes
Amlin announced a record first-half loss due to an unprecedented series of catastrophes, with worldwide natural disasters already making 2011 the most costly year...
Aegon : profit dip on weak dollar
Dutch insurer Aegon published a second-quarter 2.0-percent dip in net profit saying that a fall of the dollar and increased life expectancy in the...
ZFS : Insurer Zurich posts 88% rise in Q2 net profit
Swiss insurer Zurich Financial Services (ZFS) announced second quarter net profit rose 88 per cent to $1.3 billion, boosted by the sale of a...
New China Life to raise USD4 billion in Hong Kong
New China Life Insurance may raise as much as $4 billion in a dual Hong Kong-Shanghai listing, despite turmoil on global stock markets that...
Press overview on the stock market dizziness
World markets were nervous this Friday after they plunged the day before. US unemployment figures were better than expected, but have not eased the...
Prudential : net profits nearly double in first half
British insurance giant announced that net profits nearly doubled in the year’s first half. This is boosted by strength in Asia and the United...
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