BlackRock to manage up to $150bn of AIG assets
Insurance giant American International Group, Inc. (AIG) and BlackRock, the world’s largest asset manager, have announced significant partnerships in which up to $150 billion of…
Deutsche Bank to hire wealth fund veteran Slyngstad
Deutsche Bank has nominated Yngve Slyngstad, the former CEO of Norway’s sovereign wealth fund, to its supervisory board. Slyngstad was CEO of Norges Bank Investment…
China has seen ‘unprecedented’ capital outflow – IIF
China has suffered large and “unprecedented” outflows of capital since Russia invaded Ukraine, according to the Institute of International Finance (IIF). “Something very unusual is happening…
ECB to phase out out easy bank collateral rules
The European Central Bank (ECB) announced on Thursday it will end most of the relaxed bank funding rules it introduced in response to the coronavirus…
Ireland fines BNY Mellon Fund Services €10.8m
The Central Bank of Ireland said it has fined BNY Mellon Fund Services (Ireland) DAC €10.8 million and reprimanded the firm for 16 regulatory breaches between…
Worldwide funds net sales exceeded €1 trillion in Q4
The European Fund and Asset Management Association (EFAMA) has published its International Quarterly Statistical Release on the worldwide investment fund industry, showing that net sales of…
Credit Suisse board shake up; vice chair Schwan exits
Credit Suisse has shaken up its board with moves that include the departure of vice chair and lead independent director Severin Schwan as the Swiss bank…
Intel outlines €80bn EU semiconductor investment
Intel has announced the first phase of its plans to invest as much as €80 billion over the next decade into the semiconductor value chain…
EU approves €2bn more for countries hit by Brexit
The European Commission said it has approved the disbursement of more than €2 billion under the Brexit Adjustment Reserve to a group of 12 member…
ECB turns off money taps amid inflation worries
The European Central Bank (ECB) has accelerated the reduction in its bond-buying monetary stimulus as inflation rises amid the war in Ukraine. The ECB said…
Ireland’s GDP rises 13.5% to €428bn
Ireland’s gross domestic product (GDP) grew 13.5% to €428.3 billion in 2021, driven by a strong upturn in its multinational dominated sectors, according to national…
Russia stocks dropped by MSCI, FTSE Russell
Financial market index providers MSCI and FTSE Russell are to drop Russian equities from their widely-tracked indexes — and the London Stock Exchange is suspending…
Global company dividends hit record $1.47 trillion
Global company dividends rose 16.8% on a headline basis to a record $1.47 trillion in 2021, with mainland European dividends rebounding 36.1% to $229.3 billion, according…
Norway’s $1.3 trillion wealth fund exits Russia
Norway’s $1.3 trillion sovereign wealth fund, the largest such fund in the world, announced it will divest its Russian assets following Russia’s invasion of Ukraine….
European equity fund sales surge to record €399bn
The European Fund and Asset Management Association (EFAMA) has announced that 2021 was an “absolute record year” for equity funds, with net sales surging to €399…
ECB profit cut to €192m; balance sheet hits €680bn
The European Central Bank’s (ECB’s) audited financial statements for 2021 show that profit for the year plummeted to €192 million from €1.643 billion in 2020…
EU orders Hungary to cancel veto on VIG-Aegon deal
The European Commission announced it has concluded that Hungary’s decision to veto the acquisition of the Hungarian subsidiaries of the Aegon Group by Vienna Insurance…
Eurozone economy has fastest growth in five months
Eurozone economic activity rose at the fastest pace in five months in February as Covid-19 containment measures were relaxed. Business activity rebounded most sharply in…
EU challenges China at WTO on telecom patents
The European Union has filed a legal challenge against China at the World Trade Organization (WTO) arguing that Chinese courts are preventing European companies from…
Blackstone bets €21bn on European logistics
Blackstone announced that existing investors in Mileway, its pan-European last mile logistics company, have agreed to recapitalize the company for €21 billion “and to hold…
EU in €43bn move to secure semiconductor supplies
The European Commission has proposed a comprehensive set of measures to ensure the EU’s security of “supply, resilience and technological leadership in semiconductor technologies and…
Ireland January tax receipts €6.7bn; debt tops €243bn
Ireland’s tax receipts totaled €6.7 billion in January, up 24% on an annual basis and 13% higher than the pre-pandemic position in January 2020. January…
Macquarie buys stake in Dutch green developer EDGE
Macquarie Asset Management, on behalf of one of its managed funds, is to acquire a significant minority stake in Dutch sustainability-focused real estate developer EDGE…
EIB lends €500m to Danish railway for electric trains
Danish railway company Danske Statsbaner (DSB) has finalised a 25-year lending agreement with the European Investment Bank (EIB) worth €500 million for the acquisition of new…
Koltes steps down at CVC, Europe’s private equity giant
Luxembourg-based CVC Capital Partners, Europe’s biggest private equity firm, announced that co-founder and co-chair Steve Koltes will step down from an active role on October…
Deutsche Bank to pay €700m in dividends, buybacks
Deutsche Bank AG announced it will return €700 million to shareholders through dividends and stock buybacks as it resumes capital distributions after a long break….
European property investment hits record €359bn
Investment in European real estate reached an all-time high in 2021, according to the latest data from international real estate advisor CBRE. The data shows…
EU raises €2.5bn in its first green bond auction
The European Commission has executed its first green bond auction by raising €2.5 billion in NextGenerationEU green bonds. The auction is part of the €50…
Ireland’s ‘shadow banking’ sector grows to €3.45 trillion
Ireland’s non-bank financial intermediaries (NBFI) sector — often called “shadow banking” — grew to €3.45 trillion by the end of 2020, making it the fifth…
Europe dividends to hit record €410bn in 2022 – Allianz
Company stock dividends in Europe will rise about 8% to a record high of €410 billion in 2022, according to new research by Allianz Global Investors….