05/14/2014

Pimco outflows dent Allianz asset management earnings

German insurer Allianz saw 21.7 billion euros in net investment outflows from its bond fund manager Pimco in the first quarter, hurting performance fees and contributing to a 28 percent decline in asset management operating profit.

05/14/2014

Swiss private banking group cuts jobs

The bank said the acquisition contributed to a 4% increase in total assets under management in the first four months of this year, to 264 billion Swiss francs ($297 billion).

05/14/2014

HSBC says bonus for chairman capped at 1 million pounds

Banking group HSBC Holdings Plc has attempted to head off investor criticism over a new pay plan, capping any share bonus for its Chairman Douglas Flint this year at 1 million pounds and saying it would be a one off.