Allianz consortium will probably take over Aviva France

Allianz Allianz subsidiary AGI liquidated two hedge funds in March after heavy losses. (Photo: Reuters) London, Munich According to insiders, the alliance beckons a takeover in France. The Munich insurance giant has teamed up with the settlement specialist Athora to jointly take over the French subsidiary of British competitor Aviva, several people familiar with the […]

INDONESIA economy recovered to the level before the Covid-19 in the fourth quarter of 2020

ILLUSTRATION. Logo Morgan Stanley. REUTERS/Mike Segar Reporter: Bidara Pink | Editor: Barratut Maryam Rafie KONTAN.CO.ID – JAKARTA. Morgan Stanley enter Indonesia into the category of the group of Asian countries outside of Japan (AxJ) that could potentially experience economic recovery is the second fastest. In addition to Indonesia, there are also the Philippines, Korea, Taiwan, […]

Morgan Stanley predicted Indonesia’s economic growth contracted three quarters

ILLUSTRATION. A 3D-printed coronavirus model is seen in front of a stock graph and the word ‘Economy’ on the display in this illustration taken March 25, 2020. REUTERS/Dado Ruvic/Illustration Reporter: Bidara Pink | Editor: Adinda Ade Mustami KONTAN.CO.ID-JAKARTA. Pandemic Covid-19 is not yet over. It is expected to hit the economies of countries in the […]

NYSE leaves brokers back on Wall Street

new York Peter Tuchman has already checked the situation on Wall Street. “It still looks like a ghost town down here,” he says on Thursday during his tour of the New York Stock Exchange. “But that will change soon. It starts again on Tuesday. It’s still the best financial institution in the world. ” The […]

Credit Suisse & Co. reach for fortune from Luckin-Coffee-Chef

Luckin Coffee A court hearing to liquidate Charles Zhengyao Lu’s private company is scheduled for June 8. (Photo: Reuters) Hong Kong The lending banks are taking action against the chairman of the Chinese coffeehouse chain Luckin Coffee. The institutions represented by Credit Suisse have initiated legal proceedings to liquidate Charles Zhengyao Lu’s private company, according […]

Dax closes clearly in the plus

On Wednesday morning, waning hopes of a fast vaccine in the corona pandemic had weighed on the stock market barometer. The US online portal Stat News, which specializes in the health sector, had been critical of the Vaccine candidates of the biotech group Moderna against the lung disease Covid-19 reports. The interim results presented would […]

Deutsche Bank suffers severe setback

Frankfurt For many investment bankers, government contracts are a civil obligation and a knighthood at the same time. Nicolo Salsano, investment bank board member of the German HSBC, describes the self-image of the industry as follows: “Banks are the essential partner of the debt agencies of the states.” How smoothly the raising of new capital […]

Deka demands resignation of Wirecard boss Markus Braun

Frankfurt Deka is the first major German fund company to replace Wirecard boss Markus Braun. “We are calling for Markus Braun’s resignation,” said Ingo Speich, Head of Sustainability and Corporate Governance at Deka, the “WirtschaftsWoche”. “We communicated this to Wirecard’s Chairman of the Supervisory Board, Thomas Eichelmann, earlier this week,” added Speich. As a fund […]

Spanish banks are gearing up for wave of loan defaults

Madrid Onur Genç went out of his way to highlight the fundamental strength of the major Spanish bank BBVA: “Our operating profit is the highest of the past ten years,” said the CEO. And the strong digitalization of the bank is currently an “enormous advantage”. But it didn’t help: The provision that the bank set […]

Ten major banks are accused of manipulation of the corporate bond market

Deutsche Bank The German money house is accused of years of manipulation. (Photo: Reuters) new York A US lawsuit accuses ten of the world’s largest banks of manipulating the corporate bond market. According to this, the money houses – including Deutsche Bank – have been asking for high prices for almost 14 years, as can […]