Insurer RSA faces sale of family silver to protect credit rating
LONDON (Reuters) – Troubled insurer RSA may have to sell its best assets, leaving it concentrated in slow-growing markets such as its British home patch, to raise up to 1 billion pounds ($1.6 billion) and safeguard its credit ratings.
Zurich poaches Swiss Re’s Quinn to replace deceased finance chief
ZURICH (Reuters) – Zurich Insurance Group is poaching the finance chief of its rival Swiss Re to replace Pierre Wauthier, who committed suicide in August.
Euro zone bank fund would need ESM backing: Irish finance minister
DUBLIN (Reuters) – A proposed European fund to wind down banks is not enough on its own and would need backing from the European Stability Mechanism bailout fund, Ireland’s finance minister said on Monday.
Analysis: Complex foreign exchange options not ready for prime time
NEW YORK (Reuters) – Trading forex options on registered U.S. platforms is a long-awaited step in making derivatives markets more transparent, but so far it has failed to take off.
Amazon’s German workers strike as Christmas orders peak
BERLIN/DUESSELDORF (Reuters) – Hundreds of Amazon.com Inc workers in Germany went on strike on Monday, just as pre-Christmas sales were set to peak, in a dispute over pay and conditions that has raged for months.
ECB says Nouy appointed as head of banking supervisor
FRANKFURT (Reuters) – Daniele Nouy has been appointed to head the euro zone’s new banking watchdog at the European Central Bank, the ECB said on Monday, in a step towards closer financial integration in the bloc.
Blackstone, CCMP and Investcorp vying for Versace stake: sources
MILAN (Reuters) – Blackstone , CCMP Capital and Investcorp are the remaining candidates in a bid to buy a stake in Italy’s Versace, three sources close to the matter said on Monday.
Supreme Court rejects oil spill contempt case
WASHINGTON (Reuters) – The Interior Department will not be held in contempt over its actions in the aftermath of the 2010 Gulf of Mexico oil spill after the Supreme Court declined on Monday to review an appeals court ruling in the government’s favor.
Supreme Court declines to review Lockheed employee class action
WASHINGTON (Reuters) – The Supreme Court on Monday opted not to hear an appeal filed by Lockheed Martin Corp , which was contesting a class action lawsuit brought by employees.
ECB’s Draghi worried by euro zone bank resolution plan
BRUSSELS (Reuters) – Latest plans to wind up failing euro zone banks may be overly complicated and inadequately funded, European Central Bank President Mario Draghi said on Monday.
