U.S. and
European banks and insurance companies have gained ownership of these funds, so that the revenue they earn is removed from the domestic economy rather than being part of its circular flow.
Not exact matches
The
European experience with
banks and insurance companies under the same roof has been mixed.
A new ETF provider is set to launch a range of fixed income funds targeting
European institutional investors including
insurance companies, pension funds, asset managers, private
banks and wealth managers.»
This
insurance company, which is a JV between the Federal
Bank, IDBI
Bank,
and European insurance major Ageas, is a building a special team for promoting its group
insurance products.
Formed in 2008 IDBI Federal Life
Insurance is a joint venture between IDBI
Bank, Federal
Bank and Ageas a
European Insurance Company.