HALISTER: Axa Says It Intends to IPO Its U.S. Operations

Axa Says It Intends to IPO Its U.S. Operations

(Bloomberg) -- Axa aims listing of minority stake of its U.S. operations, Paris-based insurer says by e-mail.
  • Listing is expected to consist of U.S. Life & Savings business and Axa’s interests in AllianceBernstein
  • Axa aims to create “a leading U.S.-based diversified financial institution benefiting from enhanced strategic flexibility”
  • Proceeds of the IPO to be reinvested in Axa’s “priority segments and/or potentially returned to shareholders, depending on opportunities and market conditions”
  • Axa reaffirms its key 2020 financial targets

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
CS FP (AXA SA)
AB US (AllianceBernstein Holding LP)

Topics
BFW Equity Capital Markets U.S.

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UUID: 7947283

HALISTER1: China May Publish Bitcoin Regulations in June, Caixin Says

China May Publish Bitcoin Regulations in June, Caixin Says

(Bloomberg) -- Regulations on Bitcoin platform management and anti-money laundering may be published in June, Caixin reports, citing unidentified person close to regulators.
  • PBOC plans to soon issue notice of administrative penalty to OKCoin, Huobi and BTC China following on-site inspections: Caixin
  • NOTE: March 17, China Said to Issue New Draft Regulations on Bitcoin: WSJ
  • NOTE: March 8, China’s Top Bitcoin Exchanges Extend Suspension of Withdrawals

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
PBCZ CH (People's Bank Of China)
0962958D CH (OKCoin)

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UUID: 7947283