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BY NICK DUNBAR Senior risk officers from Citigroup Inc. and Royal Bank of Scotland Group Plc defended their use of internal models, according to statements made at the Risk-Minds conference in Amsterdam on Dec. 4. Click here to continue reading
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By RADI KHASAWNEH Hedges added after a boom in variable annuity sales last year caused losses for MetLife Inc. and Prudential Financial Inc. in the third quarter. MetLife reported a $1.09 billion loss on a portfolio of derivatives that include variable annuity hedges in the third quarter, according to a Nov. 7 filing with the Securities and Exchange Commission. To continue reading click here This is just a sample article [...]
Intesa Sanpaolo SpA and UniCredit SpA each reaped almost 1 billion euro ($1.28 billion) benefit from hedges they put in place to guard against declines in investment income in the first nine months of this year, results show. Intesa made 920 million euros from hedges in the first nine months of the year, 330 million euros of which came in the third quarter, according to a Nov. 13 earnings presentation. [...]
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This is a sample chart from Bloomberg’s Risk newsletter. To take a trial click here.
This is a sample chart from Bloomberg’s Risk newsletter. To take a trial click here.
European Aeronautic, Defence & Space Co., Europe’s biggest manufacturer of civil and military aircraft, increased its use of currency hedges by $11.3 billion in the first nine months of the year, betting that the euro will strengthen against the dollar. Read more>>
