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News Breaks | | | | December 20, 2012 | | 05:11 EDT |  | AEG, SAN | Aegon, Banco Santander form long-term strategic partnership in Spain
Aegon has entered into an exclusive 25-year strategic partnership with Banco Santander, Spain's largest financial group, to distribute both protection and general insurance products through the group's extensive network of over 4,600 bank branches, focused on a potential client base of 12M customers. Under the terms of the agreement, Aegon will acquire a 51% stake in both a life insurance company as well as in a non-life insurance company for a consideration of EUR220M. Depending on the performance of the partnership, Aegon may pay an additional amount after five years. Furthermore, Aegon Spain will provide the back-office services to the joint venture companies. The transaction is expected to close in the first half of 2013 subject to regulatory approval and will be financed from existing resources. | |
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News For AEG;SAN From The Last 14 Days Check below for free stories on AEG;SAN the last two weeks. |
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| May 16, 2013 | | 12:32 EDT |  | AEG, SAN | EU bank stress test delayed until 2014 by regulator
The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link | | | May 14, 2013 | | 09:38 EDT |  | SAN | Active equity option families trading on open
 Subscribe for More Information | | | May 13, 2013 | | 06:49 EDT |  | AEG, SAN | ECB member says negative deposit rates would help economy, Reuters says
Subscribe for More Information | | | May 6, 2013 | | 06:09 EDT | | SAN | Banco Santander in talks to sell stake in asset management unit, FT reports
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