AIG

Prudential chief executive Tidjane Thiam is pressing ahead with the faltering AIA deal, vowing to persuade shareholders to back the $35.5bn (£23.7bn) takeover of AIG's Asian business.

Neptune MD Robin Geffen has stepped up his campaign to oust Prudential's CEO Tidjane Thiam as the insurer is poised to gain FSA approval for its takeover of AIG's Asian arm AIA.

Prudential is planning a secondary listing on the Singapore Stock Exchange in addition to its dual primary listing in Hong Kong.

Banks have warned they would be forced to halt lending to small businesses by tighter international regulations they say are being rushed in.

Prudential chief executive Tidjane Thiam will not be joining SocGen as a non-executive director amid strong shareholder anger at the proposed move.

AIG is selling its American Life Insurance Company (Alico) business to rival MetLife for $15.5bn (£10.3bn), as part of its continued efforts to pay off its federal bail-out.

Standard & Poor's is considering cutting its rating on Prudential over leverage concerns following its $35.5bn deal to buy AIG's Asian business.

Prudential's UK retail new business fell by 11% in 2009 as the group focused on profitability over volume.

Prudential has agreed to buy AIG's Asian business for $35.5bn, which will be partially funded by a $20bn rights issue.

Prudential is in advanced discussions with AIG and the US Government to buy the giant insurer's Asian assets for $35.5bn (£23.5bn).