Allianz Q3 reports €2bn net loss
Allianz, the German insurance giant, reported a third quarter net loss of over €2bn (£1.58bn), compared to a €1.9bn net gain in the same period last year.
The major part of the losses came from problems at its investment bank Dresdner, which accounted for a net loss of €2.6bn in the third quarter, comprised of a net loss from the bank’s operations of €1
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