Regions
Fixed Income | 5 May 16
Argentina debt mispriced given regional risks, says Kames
Returning to the international market after a 15-year hiatus, Argentina raised $16.5bn in an oversubscribed debt offering last month, the largest ever for an emerging market. But, according to Scott Fleming, manager of the Kames Emerging Market Bond Fund, the risk was not appropriately priced.
Barclays reduces stake in Barclays Africa, nets £603m
Barclays sold a 12.2% stake in Barclays Africa Group Ltd (BAGL) on Wednesday, as part of its ongoing efforts to extricate itself from the business.
OMW’s ‘bold new’ strategy yields growth in FUM and sales
Old Mutual Wealth (OMW) highlighted its vertically integrated strategy (first adopted in 2012) as the primary driving force behind its stellar performance in Q1 2016.
Zurich signs $135m deal to buy Malaysian Islamic insurer MAA
Zurich Insurance has signed a deal to buy Malaysia’s MAA Takaful for $134.6m (£92.7m, €117m), giving Europe’s fifth biggest insurer a foothold in the world’s second largest Islamic insurance market.
HSBC Private Bank appeals record Hong Kong fine
In a misconduct case more than a decade old, HSBC Private Bank is appealing against a record HK$605m regulatory fine (£53.7m, $77.9m, €67.8m) and the possible revocation of its license to advise on securities.