Do Nykredit the Danish bank have an issue with unqualified staff?

There are information in the market that the largest real estate financier in Denmark Nykredit have serious staff problems. Apparently the academic background of staff all the way up to directors level are very simpel … continue…

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MoneyGram settles fraud allegations with DoJ

Moneygram-International

(Reuters) – Payment services company MoneyGram International Inc said it reached a $100 million settlement with U.S. authorities related to suspected fraudulent transactions by some agents. The settlement, which also involves the appointment of an … continue…

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Storm Sandy won’t blow Allianz off 2012 target

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(Reuters) – The latest claims data on superstorm Sandy in the United States do not threaten the full year operating target of Allianz (ALVG.DE), Europe’s biggest insurer said on Friday. Allianz raised its 2012 operating … continue…

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Boeing on course to sell more planes than Airbus in 2012

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(Reuters) – Boeing Co (BA.N) reported it has bagged more than 1,000 net new orders so far this year, putting the U.S. planemaker on course to sell more aircraft than European rival Airbus for the … continue…

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Aviva nearing sale of U.S. unit

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(Reuters) – Aviva (AV.L), Britain’s second-biggest insurer, is closing in on the sale of its U.S. business, a key element of a turnaround effort aimed at boosting the group’s share price performance. The sale of … continue…

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EADS quarterly earnings beat forecasts

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(Reuters) – Europe’s EADS (EAD.PA) unveiled stronger-than-expected third-quarter earnings boosted by planemaker unit Airbus on Thursday and reaffirmed its financial targets, in a back-to-basics presentation following the failure of merger talks with BAE. Tom Enders, … continue…

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Siemens aims to save 6 billion euros by 2014

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(Reuters) – Germany’s Siemens said it aims to save 6 billion euros ($7.65 billion) by 2014, more than expected, as the engineering conglomerate fights to stay competitive in a weak global economy. Munich-based Siemens said … continue…

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Global shares gain, dollar slips after Obama win

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(Reuters) – World shares and gold rallied while the dollar fell on Wednesday after President Barack Obama was re-elected for a second term, signaling no dramatic shift in U.S. economic policy. Gains in Europe’s main … continue…

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Americans hand Obama a second term, challenges await

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(Reuters) – President Barack Obama won a second term in the White House on Tuesday, overcoming deep doubts among voters about his handling of the U.S. economy to score a clear victory over Republican challenger … continue…

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ING to cut 2,350 jobs

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(Reuters) – ING (ING.AS), the largest Dutch financial services group, is to cut 2,350 jobs, or 2.5 percent of its workforce, as it prepares to separate its banking and insurance operations in difficult markets. ING … continue…

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