FRANKFURT -- Allianz AG, Germany's biggest insurer, is set to oust the head of its struggling banking subsidiary, Dresdner Bank, in a move that could lead to the bank's breakup and partial sale.

Oliver Baete, Allianz CEO, Europe’s largest insurer joins 'Squawk Box' to discuss the macro markets and where he sees the global economy going in the future. Got a confidential news tip?