AXA in talks to buy Credit Suisse unit

Article Abstract:

AXA Group of France is in negotiations to purchase Credit Suisse Group's Winterthur insurance company. The sale is valued at approximately 10 billion Swiss francs ($8 billion). AXA Group is to focus on its core business.

France, DEPOSITORY INSTITUTIONS, INSURANCE CARRIERS, CSGN

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Stakes in Converium are raised

Article Abstract:

Putnam Investment Management Co. and Deutsche Bank AG have increased their shares in Converium Holding AG. Deutsche acquired a share of 7.96%, while Putnam raised its share from 4.982% to 5.032%.

United States, Germany, Banking industry, Deutsche Bank AG, DTBKY, Converium, Putnam Investment Management Inc.

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AXA sells shares in Credit Suisse in a block trade

Article Abstract:

International institutional investors have acquired 2.7 million shares of Credit Suisse Group from AXA SA. The shares were purchased for 331 Swiss francs (216.59 euros) per share.

Asset sales & divestitures, Institutional investments

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