banking and insurance News
Allianz Unloads Private Bank OLB to Apollo for $336M
German insurer Allianz said it had agreed to sell its 90 percent stake in private bank Oldenburgische Landesbank (OLB) to U.S. private equity firm Apollo for 300 million euros ($336 million). Apollo, ...
UK Official Argues for New, Post-Brexit UK-EU Banking Regulatory Process
British and European Union banks need a new system to let them do business with each other after Brexit to avoid splitting markets, Britain's finance minister Philip Hammond said on Tuesday. Britain, ...
Senate Bill Gives Federal Reserve Leeway on Systemically Important Insurers
A bipartisan group of U.S. senators is introducing legislation that would give the Federal Reserve more flexibility in regulating systemically important insurance companies such as American ...