Lloyds Banking Group announced its sale of Heidelberger Leben for EUR 300 million to Cinven and Hannover RE.
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Sergei Shvetsov was named as the head of a new Russian "mega-regulator" to oversee the country's financial markets.
The US Federal Reserve conducted a study and saw 18 of the largest banks in the country to be weak in one capital area.
Ten more Slovenian banks would undergo external stress tests commissioned by the Slovenian central bank.
According to sources, Lloyds Banking Group has prepared the sale of Heidelberger Leben to Hannover RE, following disposals of other businesses in the overseas market.
Recent survey results conducted by Chinese economists feared that the local government loans will amount to future problems for the state.
The Central Bank of the Philippines accredited Eastspring Investments to handle its equity fund. The Central Bank of the Philippines (Bangko Sentral ng Pilipinas or BSP) tapped Eastspring Investments to manage its provident fund equity fund.
JPMorgan Chase is being investigated by the SEC for possible wrongdoing. The anti-bribery unit of the US Securities and Exchange Commission is conducting an investigation as to the allegations that JPMorgan Chase & Co had hired the children of Chinese officials to boost its business.
The Bank of England's record low interest rates were doubted after an unexpected dissent from its policymaker and its robust jobs data.
A newspaper reported that German regulator BaFin probed Deutsche Bank over its anti-money laundering control.
