KBC Groep NV ’s sale of its private bank to India’s Hinduja Group for 1.35 billion euros ($1.88 billion) failed to get regulatory approval, setting back the firm’s plan to boost capital and repay bailout funds.
Aegon NV, the Dutch owner of U.S. insurer Transamerica Corp., reported a 75 percent decline in fourth-quarter profit on reorganization costs and lower investment returns from equity markets and interest rates.
Dexia SA , the bank that took the most Federal Reserve discount-window help in October 2008, said it will take a charge of 3.6 billion euros ($5.1 billion) for the anticipated sale of mostly U.S. residential mortgage-backed securities and disposals of long-term bonds, loans and units.
KBC Groep NV , Belgium’s biggest bank and insurer by market value, reported profit rose as gains from disposals and a reversal of writedowns on collateralized debt obligations made up for mounting provisions tied to Irish loans.
Aegon NV , the Dutch owner of U.S. insurer Transamerica Corp. , reported a fourth consecutive quarterly profit as asset writedowns dropped and the rising dollar boosted the value of earnings from its main market.