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Allianz SE (ALV.DE)

XETRA - XETRA Delayed price. Currency in EUR
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181.08+2.08 (+1.16%)
At close: 05:35PM CEST
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  • Reuters

    German regulator calls on Allianz to improve controls - source

    Germany's financial watchdog BaFin has called on Allianz to improve its internal controls following fraud at its U.S. funds unit, a person with knowledge of the matter said on Friday, the latest development in a scandal that has dogged the company for two years. The regulator sent Allianz a letter with concrete demands for controls improvements some weeks ago, said the person, speaking on condition of anonymity. In May, Allianz agreed to pay more than $6 billion and its U.S. asset management unit pleaded guilty to criminal securities fraud over the collapse of a group of investment funds early in the COVID-19 pandemic.

  • Reuters

    Zurich Insurance shares rise on H1 profit beat, share buyback

    Zurich Insurance Group reported a better-than-expected 25% rise in operating profit in the first half on strong performance across the board and announced a bumper 1.8 billion Swiss francs ($1.91 billion) share buyback on Thursday, sending its shares higher. Zurich's ability to exceed its three-year financial goals despite the COVID-19 pandemic and war in Ukraine "gives us great confidence that we can handle unexpected, unprecedented things and still deliver", CEO Mario Greco told Reuters. Operating profit came in at $3.39 billion, with both property and casualty and life businesses outperforming.

  • Bloomberg

    ‘Sizzling’ US Jobs Data Make Case for Bigger Fed Rate Increases

    (Bloomberg) -- A blowout US jobs report for July means the Federal Reserve will probably need to keep going with the most aggressive rate hikes in decades to curb demand and inflation, according to economists. Most Read from BloombergR Kelly Has $28,000 in His Prison-Inmate Account. Prosecutors Want to Seize ItBuffett’s Berkshire Pounces on Market Slump to Buy EquitiesTax Bill Latest: GOP Private Equity Carveout Amendment ApprovedWinners and Losers in Democrats’ Signature Tax and Energy BillTurk