Europe
EU watchdog to probe fund payments in unit-linked schemes
Europe’s insurance regulator has launched an EU-wide review into the market conduct of insurers offering unit-linked life insurance policies.
WisdomTree adds Eurozone dividend growth Uctis ETF
Exchange traded fund provider WisdomTree has launched a Eurozone Quality Dividend Growth Ucits ETF (EGRA) on the London stock exchange.
UBS ordered to release account details to French authorities
Switzerland’s Federal Tax Administration has ordered UBS to provide account information to French authorities, with the Swiss bank now expecting similar requests from other countries.
Spain’s Mapfre to expand global asset management business
Spanish-based insurance giant Mapfre, one of Europe’s top 10 insurance companies by premium volume, has rebranded its asset management arm and announced plans to expand into third-party business.
Fund managers warn on European bank stress
The banking sector’s worrisome low valuations have the potential to spark a financial crisis, fund managers said.