Axa would welcome end to "repression" of Fed bond buying

09/18/2013 | Bloomberg Businessweek

French insurer Axa is looking forward to the U.S. Federal Reserve's anticipated scale-down of its bond-buying program and an expected rise in rates on long-term bonds. "The game which has been played over the last three years, it’s financial repression. It’s the savers paying for the rescue of the banking system," said Axa chief Henri de Castries.

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