 | | | | AIG , one of the world's biggest commercial insurers, is considering cutting cover for Russia and Ukraine, to shield itself from the risk of hefty claims as sanctions ratchet up and the war drags on, an insurance broker and a source familiar with the matter said. | | | | | | U.S. asset managers are pushing back on draft rules aimed at fixing systemic risks in the $5 trillion money market funds industry, arguing that one of the proposed measures would kill off popular products, executives told Reuters. | | | | | | Japanese investors were big sellers of overseas debt in March, as prices of overseas bonds declined on concerns over inflation and aggressive tightening measures by major central banks. | | | | | | French bank Societe Generale said on Monday it would quit Russia and take a 3 billion euros ($3.3 billion) income hit from selling its Rosbank unit to Interros Capital, a firm linked to Russian oligarch Vladimir Potanin. | | | | | | A U.S. jury resumed deliberations on Friday in the trial of a former Goldman Sachs banker accused of helping loot billions of dollars from Malaysia's 1MDB sovereign wealth fund. | | | | | | An aggressive Federal Reserve, soaring inflation and geopolitical uncertainty from the war in Ukraine are muddying the outlook for the upcoming U.S. earnings season, leaving some strategists wary of surprises as corporate results kick off this week. | | | | | | Russian bank VTB can no longer exercise any control over its European subsidiary in the wake of new sanctions, German regulator BaFin said on Sunday. | | | | | | Hong Kong will re-launch its inaugural retail green bond this month as the coronavirus pandemic eases to raise as much as HK$20 billion ($2.55 billion), the city's financial chief said on Sunday. | | | | | | Russia, hit by Western sanctions, has called on the BRICS group of emerging economies to extend the use of national currencies and integrate payment systems, the finance ministry said on Saturday. | | | | | | Leading investor advisers have recommended shareholders at Generali back the proposal by the Italian insurer's outgoing board to hand CEO Philippe Donnet another term at the helm, documents showed on Saturday. | | | | | |
