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Allianz Sets Aside Another US$ 2 Billion Over Fund Debacle

Rabu, 11 Mei 2022 | 14:42 WIB
Allianz Sets Aside Another US$ 2 Billion Over Fund Debacle

ILUSTRASI. Allianz said on Wednesday it would set aside another 1,9 billion euros (US$ 2 billion) as it braces for the outcome of US regulatory investigations into a multibillion-dollar trading debacle at its funds arm.

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - FRANKFURT. Germany's Allianz said on Wednesday it would set aside another 1,9 billion euros (US$ 2 billion) as it braces for the outcome of US regulatory investigations into a multibillion-dollar trading debacle at its funds arm.

Allianz said the provision hit its first-quarter net profit, which was 600 million euros, less than the 1,9 billion euros analysts had expected.

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