European States Sign Pledge to Protect North Sea Infrastructure April 9, 2024 By Sudip Kar-Gupta Britain and other major European countries with maritime borders on the North Sea on Tuesday signed an agreement to work...
Credit Agricole Strikes Long-Term Bancassurance Deal with Banco BPM December 27, 2022 By Andrea Mandala, Sudip Kar-Gupta and Pablo Mayo Cerqueiro Credit Agricole on Friday struck a long-term bancassurance partnership with Italy’s Banco BPM, strengthening ties with the country’s number three...
AXA Tightens Policy for Insuring, Investing in Oil & Gas Ahead of COP26 Summit November 1, 2021 By Sudip Kar-Gupta and Simon Jessop AXA, France’s biggest insurer, said on Friday it would tighten its policy regarding investing in and insuring the oil and...
Ex-UniCredit CEO Teams Up with France’s Richest Man to Form SPAC for Financial Deals February 17, 2021 By Sudip Kar-Gupta and Abhinav Ramnarayan PARIS – Former UniCredit boss Jean-Pierre Mustier is teaming up with France’s richest man Bernard Arnault to launch a special...
Update: AXA to Pay Business Interruption Claims to Restaurants After Court Ruling May 26, 2020 By Maya Nikolaeva and Sudip Kar-Gupta A Paris court ruled last week that AXA should pay a restaurant owner two months of revenue losses caused by...
Renault Is Investigated for Suspected Emissions Cheating: Source January 13, 2017 By Simon Carraud and Sudip Kar-Gupta French prosecutors are investigating Renault over suspected cheating on vehicle exhaust emissions, a source at the Paris prosecutor’s office told...
European Insurance Stocks Hit by Hurricane Sandy Fears October 29, 2012 By Sudip Kar-Gupta European shares fell for the first time in four sessions on Monday, with insurance stocks hit by concern about their...
UK Banks Hit by Compensation Capitulation for Mis-selling PPI May 9, 2011 By Sudip Kar-Gupta British banks gave up a fight over compensating customers wrongly sold insurance, forcing Barclays Plc and HSBC to take a...
Lloyds Bank Takes $5.3 Billion Hit for Mis-selling Payment Protection Insurance May 6, 2011 By Steve Slater and Sudip Kar-Gupta Lloyds, the UK’s state-backed bank, which has no affiliation with Lloyd’s of London, took a shock £3.2 billion ($5.3 billion)...
UK Probes Banks over Prudential’s Failed AIA Bid Say Sources April 21, 2011 By Douwe Miedema and Sudip Kar-Gupta Britain is probing investment banks over insurer Prudential Plc’s failed $35.5 billion bid for rival AIG’s Asian business, AIA, last...