News
Axa sells Hungarian banking operations to focus on retail
Axa Bank Europe, part of the global insurance and asset management giant Axa Group, has agreed to sell its Hungarian operation to OTP Bank in a move that will see it fully focusing on retail banking.
Hargreaves Lansdown reports inflows up 23%
Hargreaves Lansdown’s first half net inflows were up 23% on last year to £2.77bn, according to the company’s half yearly report.
China curb on credit card premium payments hits insurers
China’s reported crackdown on capital outflows by restricting the use of a major credit card to purchase insurance products in Hong Kong hit shares of some of the region’s top insurers on Wednesday.
Asset managers keep faith in European equities
The bears have gone back into hibernation, and European equities will return in excess of 5% in the remainder of the year. That’s the almost unanimous opinion of international asset managers.
China sets new rules for insurance companies
China’s foreign exchange regulator has officially implemented a new capital and risk regime for insurance companies, according to the Chinese news agency Xinhua.