Allianz pays USD 6bn settlement over scandal-ridden funds

The German insurer will pay USD 6bn in a fraud suit in the US.

Photo: Allianz Bank/PR

German insurance company Allianz has entered into a USD 6bn settlement with the US authorities after pleading guilty in a case involving fraudulent stocks, the Financial Times reports.

This scandal leaves investors with a loss of billions of dollars.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Further reading

Related articles

Latest news

AMWatch job

See all jobs

See all jobs

Watch job

See all jobs

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch