Allianz SE
Allianz eyes stable or slightly higher 2013 net profit
Mar 15, 2013 06:15 EDT
German insurance giant Allianz expects its net profit to be stable or slightly higher this year as well as in 2014, according to its annual report published Friday.
Commerzbank shares tank after capital increase
Mar 13, 2013 11:42 EDT
Commerzbank shares plunged Wednesday after Germany's second-largest bank said it would carry out a 2.5-billion-euro ($3.3-billion) capital hike to pay back state bailouts received during the 2008-2009 financial crisis.
Commerzbank in 2.5-bln-euro capital increase
Mar 13, 2013 07:30 EDT
Commerzbank, Germany's second-biggest bank, said Wednesday that it will undertake a 2.5-billion-euro ($3.3-billion) capital hike to repay further chunks of a state bailout it received during the 2008-2009 financial crisis.
ThyssenKrupp supervisory board chief quits
Mar 08, 2013 08:49 EST
ThyssenKrupp said Friday its supervisory board chief Gerhard Cromme, under fire for his handling of a series of scandals that has rocked the heavy industry giant, is stepping down.
Germany's Commerzbank wields cost-cutting axe
Jan 24, 2013 09:52 EST
Commerzbank, Germany's second-biggest bank, said Thursday it will axe more than one in 10 jobs over the next three years as it tots up the toll from the financial and sovereign debt crisis.
Allianz says profits up seven-fold in third quarter
Nov 09, 2012 03:11 EST
German insurance giant Allianz said Friday that net profit soared nearly seven-fold in the third quarter, as year-earlier figures had been hit by heavy writedowns on its holdings of Greek bonds.
Allianz raises full-year forecasts
Oct 30, 2012 03:02 EDT
German insurance giant Allianz said Tuesday it was raising its full-year profit targets after a better-than-expected third quarter.
S&P downgrades 3 French banks including BNP Paribas
Oct 25, 2012 15:06 EDT
Ratings agency Standard and Poor's downgraded three French banks on Thursday, including giant BNP Paribas, and placed 10 others on negative outlook including Credit Agricole and Societe Generale.
Munich Re buys three wind parks in Britain
Aug 13, 2012 06:40 EDT
Munich Re, the world's largest reinsurer, said Monday it has acquired three wind parks in Britain as part of a 2.5-billion-euro ($3.0-billion) investment in renewable energies.
Allianz confirms 2012 outlook after solid second quarter
Aug 03, 2012 06:00 EDT
German insurance giant Allianz posted a solid second-quarter net profit Friday, boosted partly by its life and health divisions, and confirmed its full-year outlook.
Deutsche Bank chief Josef Ackermann steps down
May 31, 2012 08:23 EDT
Deutsche Bank chief Josef Ackermann officially stepped down on Thursday, ending a decade-long reign as head of Germany's biggest bank during which he repeatedly courted controversy.
German insurer Allianz profits soar 60%
May 15, 2012 04:52 EDT
German insurance giant Allianz on Tuesday said its net profits soared by 60 percent in the first quarter of 2012 and confirmed its full-year targets.
Greece talks tough on debt swap as deadline looms
Mar 07, 2012 07:04 EST
Greece has toughened its stance to push creditors to accept a debt swap and take heavy losses, just one day before the deadline on Thursday for completion of the deal to avert default.
Top lenders back Greek bond swap plan
Mar 05, 2012 11:12 EST
LONDON/ATHENS (Reuters) - Greece's major bondholders voiced their support on Monday for a deal that will halve the value of their debt holdings and aims to put the country back on a sustainable debt-repayment footing.
IIF steering committee members to take part in Greek bond swap
Mar 05, 2012 09:48 EST
ATHENS (Reuters) - Major holders of Greek government debt said on Monday they will take part in a bond swap plan.
IIF members to take part in Greek bond swap
Mar 05, 2012 09:48 EST
ATHENS (Reuters) - Major holders of Greek government debt said on Monday they will take part in a bond swap plan.
Credit Suisse to face National Century fraud case
Mar 02, 2012 16:38 EST
(Reuters) - A federal judge on Friday rejected Credit Suisse Group Inc's <CSGN.VX> bid to dismiss a lawsuit by National Century Financial Enterprises bondholders that accused the Swiss bank of missing the health care finance company's more than $2 billion fraud.
Allianz says profits halved by Greece, natural disasters
Feb 23, 2012 02:00 EST
German insurance giant Allianz said Thursday natural catastrophes and losses on its investments in Greece slashed its bottom-line in half in 2011.
PIMCO bank deal hits regulatory snag
Feb 16, 2012 15:35 EST
NEW YORK (Reuters) - A plan by a PIMCO investment fund to take an ownership stake in a small North Carolina bank has run into a problem with U.S. bank regulators.
Moody's may downgrade UBS and Morgan Stanley
Feb 16, 2012 10:02 EST
(Reuters) - Moody's warned on Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another sign the impact of the euro zone government debt crisis is spreading throughout the global financial system.
Facts from the Wikipedia page:
 | |
| Type | Public (FWB: ALV, NYSE: AZ) |
|---|---|
| Founded | 1890 |
| Headquarters | Munich, Germany |
| Key people | Michael Diekmann (CEO), Henning Schulte-Noelle (Chairman of the supervisory board), Helmut Perlet (CFO), Paul Achleitner (CIO) |
| Industry | Financial services |
| Products | Insurance, banking, asset management |
| Revenue | €92.55 billion (2008)[1] |
| Operating income | ▲ €7.433 billion (2008)[1] |
| Profit | ▼ (€2.444 billion) (2008)[1] |
| Total assets | €955.6 billion (2008)[1] |
| Employees | 182,860 (2008)[1] |
| Website | www.allianz.com |
