financial crisis
Fitch Ratings : insurers less exposed than banks to a Greek exit
Insurance companies are less exposed than banks to contagion risk triggered by a Greek exit from the eurozone, because of insurers' ability to share...
Fitch Ratings : insurers capable of withstanding orderly Greek exit
Fitch Ratings says in a newly-published report that the European insurance sector should be able to absorb shocks arising from a hypothetical Greek exit...
Germany : banks are prepared for any scenario on Greece
German banks are "prepared for all possible scenarios" with regard to Greece even if their exposure remains "limited", the country's financial watchdog BaFin said...
Aviva : Christmas is time for financial pressure
Christmas is well known to be a stressful time for many parents who want to give their children the latest ‘must-have' presents, but new...
Lloyds bank : ill chief executive is making ‘good progress’
Britain's state-rescued Lloyds Banking Group said on Monday that its chief executive Antonio Horta-Osorio was making "good progress" from an illness which has forced...
Greece : debt crisis and cutbacks may fuel health ‘tragedy’
Greece's debt crisis and ensuing cutbacks have played havoc with public health with a spike in ailments, suicides and depression, experts say, amid warnings...
Which? : consumers back bank ring-fencing plans
Recent research from Which? shows that a majority of consumers do not think the banks (76%) or the Government (71%) have done enough to...
Swiss Re : warns that the economic environment is still turbulent
Swiss Re warns that the economic environment, in the wake of the financial crisis is still very challenging and turbulent.
The industry is moving...
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,...
AXA : a view from Eric Chaney, chief economist, and Jean Sorasio, chief investment officer of the AXA Group
The recent sell-off in global equity markets is in our view not justified by either economic or political fundamentals. We believe that the economic...
2008 crisis spurred rise in suicides in Europe
The financial crisis that began to hit Europe in mid-2008 reversed a steady, years-long fall in suicides among people of working age, according to...
Aviva : financial crisis leads to upsurge in rethinking retirement plans
Since the financial crisis, intermediaries report an increasing demand for advice concerning pensions, according to a survey from Aviva. The survey, of over 300...
Standard Life : recovery, there could be trouble ahead
Three years on from the global financial crisis, Standard Life Investments argues that while policy makers initially reacted well to the problems, preventing an...
Transaction : RBS readies to sell off life insurance business
The Royal Bank of Scotland (RBS) is preparing to sell off or float its insurance unit, which includes familiar names such as Direct Line,...
Report : General Account AUM Tops $1 Trillion Mark for the First Time
The Insurance Asset Manager (IAM) Annual Survey 2010 Edition, published today, reveals that the financial crisis prompted a sharply higher number of the world’s...
AIG : U.S. Treasury Department working on AIG exit strategy
Treasury Department officials finalise their plan to render AIG financially independent after the massive taxpayer investment. The core piece of that strategy would be...
Retirement : major challenges on both sides of the Atlantic
Pension systems on both sides of the Atlantic face major challenges, summed up under the banners of ballooning public-sector debt, slowing economic growth, low...
EU eyes new rules to supervise financial giants
The European Union's executive arm proposed on Monday to give national supervisors more power to oversee financial conglomerates as part of efforts to prevent...
Dutch insurer Aegon to repay state aid
Dutch insurer Aegon said Tuesday it planned to repay the last two-thirds of a three-billion-euro cash injection it received from the state in October...
Health : Huge rise in patients on HIV drugs
Anti-HIV drugs reached 1.2 million more people last year, the UN announced Monday at the world AIDS forum, as former US president Bill Clinton...
