City Comment: If Prudential cannot square a regulator in Canary Wharf, how on earth is it going to meet the concerns of dozens of regulators in dozens of different markets?... more
City Comment: Mervyn King often points to the overall 6% drop in our output rather than our recent growth of 0.1% or 0.3%. Aviva is showing the same judgment by investing in Europe - Asia's growth is faster, but Europe is so much bigger... more
City Comment: Most people can tell the difference between a bank and an insurance company, but it is a distinction that appears lost on politicians... more
Lord Levene, chairman of Lloyd’s of London, is wont to say that he represents one area of the financial services industry not dragged down by the financial crisis ... more
Football: Cristiano Ronaldo has insisted Manchester United's dream of an incredible Quintuple is still alive as they prepare to take on FC Porto in the Champions League quarter-final... more
One of Warren Buffett's former top executives in the UK was banned for life from working in the financial services industry after a near four-year campaign by the Financial Services Authority... more
Investors are missing a trick because they have not factored in the huge business opportunity for those insurance companies still standing brought about by the near-collapse of American Insurance Group... more
Just five years ago, American Insurance Group was worth more than the combined value of the eight largest insurance companies in Europe the likes of Axa, Allianz, Generali, Aviva and take your pick of four more. ... more
Ever since Mark Tucker took the helm at the Prudential more than three years ago, City analysts and investors have been telling him to sell the UK business so the group can focus properly on Asia, where for some time it has been getting an increasing proportion of its sales and most of its growth. Now they could get all they bargained for, and more... more
Afternoon:
8°c
