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Allianz faces $4bn legal bill over fund losses
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fnlondon.comAllianz set aside more than $4bn for legal expenses stemming from losses its investment funds racked up during the March 2020 market panic when their options trades went bad.
The German financial giant said 17 February it accounted for the €3.7bn in legal provisions, equivalent to $4.2bn, in its 2021 results.
As a result, Allianz’s net income...
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