A unit of Allianz SE agreed to pay $5.8 billion and pleaded guilty to fraud after misrepresenting the risk posed by a group of hedge funds that collapsed during pandemic market gyrations.
JP Barnert has the details on Bloomberg Television https://t.co/ZdQJov2hgU pic.twitter.com/F3irqzMB0Q
— Bloomberg TV (@BloombergTV) May 18, 2022
