Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking and Finance Review - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Allianz CEO says he expects less 'extortion' via fines under Trump govt
    Finance

    Allianz CEO says he expects less 'extortion' via fines under Trump govt

    Published by Global Banking and Finance Review

    Posted on January 22, 2025

    1 min read

    Last updated: January 27, 2026

    This image features Allianz CEO Oliver Bate speaking at the World Economic Forum in Davos, where he anticipates a decrease in regulatory fines under Trump's government, contrasting with the Biden administration. His insights on financial services highlight significant industry expectations.
    Allianz CEO Oliver Bate discusses financial regulations at the World Economic Forum - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Quick Summary

    Allianz CEO Oliver Bate expects fewer regulatory fines under Trump's administration, criticizing Biden's era for 'extortion'.

    Allianz CEO Expects Fewer Fines Under Trump Government

    DAVOS, Switzerland (Reuters) - The CEO of German insurer Allianz said on Wednesday that U.S. President Donald Trump would be good for financial services and that he expected fewer regulatory fines than under Joe Biden's administration, which he called "extortion".

    There was "a lot more extortion under Biden than we expect under Trump," CEO Oliver Bate said on a panel at the World Economic Forum in Davos, citing as an example U.S. Department of Justice fines.

    Bate also said that while Trump's government was likely to be less popular internationally, he expected him to be more supportive for the financial industry.

    (Reporting by Tommy Reggiori Wilkes)

    Key Takeaways

    • •Allianz CEO Oliver Bate expects fewer fines under Trump.
    • •Bate criticizes Biden's administration for 'extortion'.
    • •Trump seen as supportive of financial services.
    • •Comments made at World Economic Forum in Davos.
    • •US Department of Justice fines cited as an example.

    Frequently Asked Questions about Allianz CEO says he expects less 'extortion' via fines under Trump govt

    1What is the main topic?

    The main topic is Allianz CEO Oliver Bate's expectations of fewer regulatory fines under Trump's administration compared to Biden's.

    2What did Oliver Bate say about Biden's administration?

    Oliver Bate criticized Biden's administration for what he called 'extortion' via regulatory fines.

    3Where did Oliver Bate make these comments?

    Oliver Bate made these comments at the World Economic Forum in Davos.

    More from Finance

    Explore more articles in the Finance category

    Image for Qualcomm, Arm bear brunt of memory shortage as smartphone chip sales disappoint
    Qualcomm, Arm bear brunt of memory shortage as smartphone chip sales disappoint
    Image for Instagram recovers after brief outage disrupts US users
    Instagram recovers after brief outage disrupts US users
    Image for Asia shares falter as global tech selloff spooks investors
    Asia shares falter as global tech selloff spooks investors
    Image for Dollar recovers as central bank decisions loom
    Dollar recovers as central bank decisions loom
    Image for Oil prices fall as US, Iran agree to talks, easing conflict concerns
    Oil prices fall as US, Iran agree to talks, easing conflict concerns
    Image for UN chief calls New START expiration 'grave moment'
    UN chief calls New START expiration 'grave moment'
    Image for Bank of England set to hold rates pending clearer picture on inflation
    Bank of England set to hold rates pending clearer picture on inflation
    Image for Ukraine energy minister warns of more power cuts, possible Russian attacks
    Ukraine energy minister warns of more power cuts, possible Russian attacks
    Image for Boeing plans to move 787 engineering work to South Carolina, union says
    Boeing plans to move 787 engineering work to South Carolina, union says
    Image for Choppy markets threaten ECB's 'good place' but rates still firmly on hold
    Choppy markets threaten ECB's 'good place' but rates still firmly on hold
    Image for Australia's Maas Group to sell construction materials division for up to $1.2 billion
    Australia's Maas Group to sell construction materials division for up to $1.2 billion
    Image for Snap reports upbeat revenue as holiday season fuels ad sales
    Snap reports upbeat revenue as holiday season fuels ad sales
    View All Finance Posts
    Previous Finance PostECB's Rehn says inflation confidence will allow for rate cuts
    Next Finance PostMelia beats 2024 EBITDA target, sees better year ahead