Prudential, which is Britain’s second largest insurer, has today confirmed it is to buy AIA, the Asian arm of US company American International Group (AIG), in a deal worth $35.5 billion (£23.3 billion).
In a stock market statement today, Pru said the deal provided it with the opportunity to create South...
Posted to
Finance
on 03-01-2010
Filed under: All Financial News, deal, Insurance News, Prudential, Company News, finance, rights issue, acquisition, AIG, presence, AIA, Asian arm
Should we care about the resignation of Hector Sants as chief executive of the UK’s Financial Services Authority?
No disrespect to Mr Sants, but the City watchdog has been a lame duck regulator since the Tories made it clear they would break up the FSA if they win the UK general election in May...
Posted to
Comment
on 02-09-2010
Filed under: Finance, Business
My Thursday column in the FT is on why the plan by Paul Volcker, where the government will directly attack the size and complexity of over-mighty institutions, offers the best chance to address the structural problem posed by the banks.
Posted to
Comment
on 01-28-2010
Filed under: Politics, Finance
I write in my news column for the FT on Friday about the “Volcker rule” - Barack Obama’s attempt to repeat some kind of Glass-Steagall structural reform - that Goldman Sachs would almost certainly be caught by it, along with commercial banks.
But I had second thoughts after listening...
Posted to
Comment
on 01-22-2010
Filed under: Finance