Allianz SE (ALV.SG)
- Reuters
Singapore's Income Insurance in talks with Allianz on potential deal, no details
SINGAPORE (Reuters) -Singapore's Income Insurance Ltd said on Friday it is in talks with Allianz about a possible tie-up, saying only that any potential deal related to its shares. The statement suggests Allianz could take a stake in the Singapore insurer or the two companies could form some sort of partnership. There is no assurance that any transaction will materialise or that any definitive or binding agreement will be reached, Income Insurance said in its statement.
- Reuters
Former Allianz employee pleads guilty to fraud over $7-billion funds collapse
NEW YORK (Reuters) -A former Allianz fund manager pleaded guilty on Friday over his role in a meltdown of private investment funds sparked by the pandemic that caused an estimated $7 billion of investor losses. Tournant also agreed to give up $17.5 million in ill-gotten gains, including bonuses that were inflated by his fraud. The case stemmed from the March 2020 collapse of the German insurer's now-defunct Structured Alpha funds, which Tournant had created and oversaw as chief investment officer.
- Simply Wall St.
Exploring Top Dividend Stocks In Germany For June 2024
As of late, Germany's DAX index has reflected a cautious sentiment, declining by 1.05% amidst rising inflation concerns across Europe that have stirred uncertainty about future monetary policies. This environment underscores the importance of considering dividend stocks, which can offer investors potential steady income streams and a degree of resilience against market volatility.
