Reported about 13 hours ago
At the World Economic Forum in Davos, Allianz CEO Oliver Bate expressed optimism about reduced regulatory fines under President Trump, contrasting it with what he termed 'extortion' during Biden's presidency. He noted Allianz's significant $6 billion settlement in 2022 with U.S. authorities for prior fraud allegations, suggesting the Trump administration would be more favorable for the financial services industry despite potential international unpopularity.
Source: YAHOO