Diversified Financials
Diversified Financial Services
PARIS, May 10- France's AXA plans to float a minority stake in its life insurance and asset management operations in the United States in the first half of 2018, in order to strengthen its financial position. Gross revenue in life insurance coming from the United States accounted for nearly a quarter of overall results for the activity in 2016, according to...
Abu Dhabi Financial Group CEO Jassim Alseddiqi discusses investing in the United Arab Emirates.
FRANKFURT, April 26- Deutsche Boerse delivered a sharp rise in net profit in the first quarter and said it would buy back shares as it sought to appease disgruntled investors following its failed merger attempt with London Stock Exchange Group. "Thanks to our diversified business model and effective cost management we were able to compensate low equity market...
LONDON, April 7- Bank of England Governor Mark Carney called on Friday for Britain and the European Union to agree to recognise each others' bank rules after Brexit, to avoid a damaging hit to financial services across Europe. Below are excerpts of the speech given by Carney at Thomson Reuters in London. For a full text of the speech:...
TOKYO, April 1- The new head of Japan's Sumitomo Mitsui Banking Corp said it is "actively studying" an acquisition of a U.S. bank, as part of efforts to seek a reliable dollar funding source for future growth. "As we expand globally, a diversified and stable source of the world's largest hard currency is extremely important," Makoto Takashima, who was promoted from...
JOHANNESBURG, March 31- Brian Joffe, the founder of South Africa's Bidvest, will list a 2 billion rand investment firm, Long4Life, on the Johannesburg Securities Exchange next week, the firm said in a pre-listing statement on Friday. Joffe will provide 100 million rand of the capital himself and institutional investors will subscribe for the rest before listing...
*NBG earns 53 mln euros in 2016, cuts NPEs by 2.8 bln euros. ATHENS, March 30- Greek banks Alpha and National returned to profitability last year, aiming to stay the course in 2017 and further reduce their huge stock of bad loans. Alpha Bank, Greece's fourth-largest lender by assets, made a profit for the second straight quarter in the final three months of the year, as...
Oliver Bäte, CEO of Allianz, says there is an increasing demand for health and life insurance in China as people begin to protect their growing wealth.
With global bond yields spiking since Trump's win, analysts at Deutsche Bank have detailed the European companies that are set to benefit.
Visa delivered strong results but is cautious ahead of slowing global growth and political uncertainty, says The Motley Fool's Asit Sharma.
Visa's acquisition of Visa Europe will boost margins, ultimately yielding a multiples expansion, says Susquehanna Financial Group's James Friedman.
Visa beat on revenue and EPS but concerns over its Visa Europe arm put pressure on its stock, says Compass Point Research & Trading's John Williams.
Fintech helps to make banking transactions and asset management more efficient and accessible, says Nexchange Chief Strategy Officer Andrew Economos.
Edward Mills, FBR Capital Markets Senior Financial Policy Analyst, discusses the regulatory implications for the banking industry following the investigation into the Wells Fargo fraudulent accounts scandal.
Shares of PNC Financial Services Group, off nearly 7 percent this year through Tuesday, are too cheap according to Keefe, Bruyette & Woods.
A market update, with Ben Willis, Princeton Securities managing director.
Dominic Johnson, CEO of Somerset Capital Management and chairman of New City Initiative, explains the difficulties of launching a fund in Europe.
The nation's megabanks need to be split up like the old AT&T monopoly in order to foster innovation, St. Louis Fed President Jim Bullard tells CNBC.
Wendy Huang, from Macquarie, identifies the pros and cons of the Fintech investments made by the big internet giants Baidu, Alibaba and Tencent.
Former UK PM Gordon Brown has become an adviser to Pimco, his first major role in the private sector, the FT reports.
