EXCLUSIVE Allianz under investigation in Germany over investment funds

  • 📰 Reuters
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Exclusive: German regulators have launched an investigation into the country's biggest financial company, Allianz, after the demise of some of its U.S. investment funds last year, sources told Reuters via TomSims_Reuters

The logo of insurer Allianz SE is seen on the company building in Puteaux at the financial and business district of La Defense near Paris, outside Paris, France, May 14, 2018.

The German insurer is one of the world's biggest money managers with 2.4 trillion euros in assets under management through bond giant Pimco and Allianz Global Investors, which managed the funds at the centre of the probes. An Allianz spokesperson on Tuesday said that the company was in regular contact with BaFin on all matters, including Structured Alpha. "It is an absolutely normal process," the spokesperson said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Taliban tells Berlin it will welcome German companies, aidThe Taliban would welcome German investment in Afghanistan and help in areas including humanitarian aid, health care, education and infrastructure, the group's spokesman told Bild newspaper. The Taliban took power in Afghanistan last month as foreign forces pulled out after a 20-year mission, and the country is facing an economic collapse and humanitarian crisis while donors and governments weigh up how to deal with the new leaders. Germany, acting in concert with the European Union, has laid out conditions to resume a diplomatic presence in Kabul and unfreeze development aid, urging the Taliban to respect human rights, particularly those of women.
Source: YahooNews - 🏆 380. / 59 Read more »