Natixis and Generali poised to scrap asset management tie-up
Joint venture would have brought together two of biggest European investment groups
Joint venture would have brought together two of biggest European investment groups

Chief of French bank BPCE has been on year-long acquisition spree, but asset management deal with Generali remains stuck

World’s second largest asset manager estimates reduction will save investors $3.5mn a year

Deal with London-based firm boosts French group’s aim to be a ‘consolidator’ in asset management industry

Quest for scale puts global money manager tie-ups on pace to crush last year’s deal total as costs and competition mount

Asset management chief points to continent’s financing needs and more stringent regulation to protect from mis-selling

Insurer agrees to proceed with talks about €6.3bn sale of private banking arm