Germany’s Allianz Global Investors has dropped two exclusions blocking its sustainable funds from investing in defense, becoming one of the first major European asset managers to change their policies to help finance the region’s rearmament. AGI wrote to its clients …
Legal & General said on Friday it would sell its U.S. protection business to Japan’s Meiji Yasuda for $2.3 billion in cash and said the Japanese firm would take a 5% stake in the British insurer, in the biggest strategic …
Goldman Sachs’ fund division is to leave investor engagement group Climate Action 100+, joining other financial services companies which have pulled out amid a political backlash in the United States. U.S. members of global climate-focused coalitions have come under pressure …
Aviva said on Monday it had agreed to buy the UK life insurance business of AIG for 460 million pounds ($563 million), in the largest acquisition to date by the British insurer’s CEO Amanda Blanc. Aviva said it would buy …
Activist investor Cevian Capital has sold down its entire stake in British insurer Aviva, ending its campaign to drive up investor payouts at the FSTE 100 company. Cevian said in a statement that Amanda Blanc and her management team had …
Investors Aviva and M&G on Thursday joined calls for Britain to press ahead with financial reforms and give high-growth sectors such as technology companies more support to keep London’s markets competitive. Finance bosses have warned that the British capital risks …
Banks still need to improve their risk management and learn the lessons from various crises that rocked markets in 2022, regulators at the Bank of England said on Tuesday. The market reaction to Russia’s invasion of Ukraine and turmoil in …
After seven weeks in which Britain’s reputation for financial credibility has been rocked by political missteps, senior finance executives have given new prime minister Rishi Sunak a cautious welcome. Sunak is a known quantity to Britain’s banks, asset managers and …
Some of Europe’s biggest banks are preparing back-up generators and to dim the lights as they brace for potential power cuts and energy rationing that threaten the money system underpinning the region’s economy. As Russia throttles gas supplies to the …
Major banks in Britain made a slight dent in their gender pay gaps last year, according to a Reuters analysis, though industry observers say they still have a long way to go. Several insurers went backwards. Companies in Britain with …
