Christian Muschick News
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Swiss Re Ltd., the world’s second- biggest reinsurer, said it estimates its claims burden from Hurricane Sandy to be about $900 million.
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Deutsche Bank AG’s co-Chief Executive Officer Anshu Jain has turned down a request by the German parliament to testify at a hearing about allegations of manipulation in the London interbank offered rate.
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Deutsche Bank AG may have to pay as much as 1.5 billion euros ($1.9 billion) in a case tied to the collapse of the Kirch group of media companies, a Munich court said today.
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Commerzbank AG has lost more value than peers in continental Europe outside Greece and a swing to profit in the third quarter is unlikely to boost the shares unless management cuts costs more quickly.
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Munich Re, the world’s biggest reinsurer, shrugged off losses from Hurricane Sandy to raise its full-year earnings forecast after an almost fourfold increase in third-quarter profit.
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Insurers and reinsurers will only discover the final bill for Hurricane Sandy after business returns to normal in New York and flooding in the path of the biggest Atlantic storm in history is assessed.
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When Allianz SE executive Oliver Baete was 18, he spent his Christmas holiday drilling in the cold and rain at a road works in Cologne to save up for a moped.
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Deutsche Bank AG will probably book an additional charge of as much as 400 million euros ($528 million) tied to the sale of Actavis Group hf to Watson Pharmaceuticals Inc., people familiar with the process said.
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Deutsche Bank AG co-Chief Executive Officer Anshu Jain is cutting compensation to placate shareholders as Europe’s debt crisis slashes financial-industry jobs, leaving workers fewer opportunities to defect.
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The Greek government and its creditors return to the negotiating table this week to revive stalled talks on a debt swap as German Chancellor Angela Merkel places pressure on both sides to forge a deal.
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