Germany’s Allianz Sets Aside Additional $2B For Fund Fiasco: Reuters

Allianz SE (OTC: ALIZY) said it would set aside another €1.9 billion ($2 billion) as it braces for the outcome of U.S. regulatory investigations into a multibillion-dollar trading debacle at its fund’s arm.
The collapse of a $15 billion set of investment funds during the pandemic market turmoil in early 2020 has cast a long shadow over …

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