Allianz to pay $ 6 bln in US fraud case, fund managers charged

NEW YORK/MUNICH, May 17 (Reuters) – Germany’s Allianz SE (ALVG.DE) agreed to pay more than $ 6 billion and its US asset management unit pleaded guilty to criminal securities fraud over the collapse of a group of investment funds early in the COVID-19 pandemic. Allianz’s settlements with the U.S. Department of Justice and U.S. Securities … Read more

Analysis: Pain not over for the US bond market but some of it yields nearing their peaks

An eagle tops the Federal Reserve building’s facade in Washington, July 31, 2013. REUTERS / Jonathan Ernst Register now for FREE unlimited access to Register NEW YORK, May 10 (Reuters) – Interest rate jitters keep hammering the US bond market but some investors are starting to think a possible slowdown in price pressure as … Read more