Germany
Generali to sell majority stake in German life company
Italy’s Generali Group has agreed to sell a majority stake in Generali Leben to a German life insurance portfolio management company, in a deal that values the business at around €1bn (£882m, $1.17bn).
Blacktower expands with US and German businesses
European IFA firm Blacktower Group has launched two separately regulated companies – its first US business and a second operation in Germany.
Brexit driving deVere’s Germany expansion
DeVere Group is adding a Munich office to meet what the company describes as a surge in demand following the Brexit vote.
Vanguard ventures into Germany, adds Euro Stoxx ETF
Vanguard has expanded into Germany by listing its range of equity and fixed income exchange-traded funds (ETFs) on the German stock exchange and also introduced a Euro Stoxx 50 Ucits ETF.
UBS offices raided by 130 investigators over tax evasion
An investigation into alleged tax evasion by about 2,000 UBS Group clients saw German prosecutors conduct a series of raids on Tuesday and Wednesday.