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’Legal & General gets the bid speculation treatment
Aviva and RSA have set tongues wagging, obviously. Legal & General had pushed up just under 3 per cent in London at pixel time, on trader talk of interest from Zurich:
Legal & General has said to Reuters it won’t comment on speculation…
Thirty financial groups on systemic risk list
Thirty global financial institutions make up a list that regulators are earmarking for cross-border supervision exercises, the Financial Times has learnt. The list, drawn up by regulators under the auspices of the Financial Stability Board,
AIG finalises disposals, denies report
AIG is planning to announce more than $15bn worth of disposals before year-end– a move that would enable the stricken US insurer to repay part of a $60bn government loan and ease the burden of its $150bn federal bail-out.
RBS confident on insurance sale
Royal Bank of Scotland on Wednesday said it remained confident of selling its insurance arm for a healthy price, as the bank confirmed its trading performance was unchanged since launching its £12bn rights issue in April.