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Aviva : chief executive waives pay rise
British insurer Aviva on Monday said chief executive Andrew Moss had bowed to shareholder pressure and waived a pay rise that would have taken...
Somalian pirates paid $4 million in ransom for Chinese coal ship
A Chinese cargo ship with 25 crew members aboard was heading for a safe port after being released by pirates off the coast of...
Britain announces plans to break up state rescued banks RBS and Lloyds
Britain is to force state-rescued banks RBS and Lloyds Banking Group to sell assets in a massive shake-up of the banking sector but will...
Lloyds could have to pay £1 billion to avoid debts insurance
Lloyds Banking Group could have to pay more than £1 billion to avoid taxpayer-backed insurance for its toxic debts, it has been reported.
The bank...
Lloyds could offload its insurance operations
Lloyds Banking Group chief executive Eric Daniels must keep many plates spinning to keep alive his hope of launching a record rights issue, and...
Lloyds Banking Group considering £15 billion rights issue
Part-nationalised British lender Lloyds Banking Group is sounding out investors about a 15 billion pound ($23.81 billion) rights issue to help it avoid a...
RCM, Allianz’s equity fund management to raise $100 million to boost sector assets
RCM, Allianz's equity fund management unit, is launching two new hedge fund products aimed at increasing its assets under management in the sector by...
Kidnap insurance premiums could escalate within weeks
The lull in Gulf of Aden pirate attacks during monsoon season means kidnap and ransom insurance rates for such risks have fallen by around...
RSA investors may back rights issue
Major shareholders in insurer RSA (RSA.L) would back the company's chief executive plans to raise $1 billion (614.6 million pounds) in a rights issue,...
AEGON to launch equity issue of up to EUR 1 billion
AEGON aims to raise up to EUR 1 billion through an equity issue via an accelerated bookbuild beginning today. AEGON intends to use the...
