Regions
Woodford favourite Provident’s share price sinks to 22-year low
Provident Financial’s shares have sunk to their lowest point since 1996 as rumours swirled that the firm might include a £500m ($698.3m, €567.9m) rights issue in its annual results.
Pension freedoms ‘concern’ Isle of Man providers
There was a “critical lack of transparency” by the Isle of Man’s treasury minister in the lead up to introducing pension freedoms for the island, the chair of the jurisdiction’s association of pension scheme providers told International Adviser.
Deutsche Bank confirms €2bn asset management IPO
Deutsche Bank has confirmed plans to list its asset management division DWS on the Frankfurt Stock Exchange for €2bn (£1.76bn, $2.45bn).
Zurich ramps up Latin America with $409m acquisition
Australia’s QBE Insurance Group is selling its Latin America operations to Zurich, which will see the Swiss giant take market-leading positions in countries across the region.
Chinese regulator seizes global insurer Anbang
The Chinese insurance regulator stepped in and took control of Anbang Insurance Group on Friday, a move that has put the country’s other insurers on notice.