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Financial Services

Capital Appreciation listing on JSE

Oct 12 2015 11:09

Capital Appreciation has successfully raised R1bn in its private placement and its shares will commence trading on the JSE.

Financial Services

EU bank could demand loans back from VW

Oct 12 2015 10:30

The European Investment Bank will examine whether Volkswagen used any loans from the European Union to cheat on emissions tests for diesel vehicles.

Financial Services

Former Anglo Irish Bank CEO Drumm arrested

Oct 11 2015 17:45

Former Anglo Irish Bank boss David Drumm, who was seen as a culprit in Ireland's banking crisis, has been arrested on an extradition warrant.

Financial Services

StanChart CEO to axe top staff - memo

Oct 11 2015 17:15

Standard Chartered's new chief executive Bill Winters plans to cut up to a quarter of the bank's most senior staff to reduce costs, according to a memo sent to staff.

Financial Services

Belvedere: How alleged Ponzi scheme collapsed

Oct 09 2015 07:56

Since Offshore Alert exposed the Belvedere Group as an alleged Ponzi scheme in March 2015, it has collapsed in many different jurisdictions, says David Marchant.

Financial Services

Former UBS banker avoids jail

Oct 06 2015 13:38

A former Swiss banker, who pleaded guilty to aiding Americans to hide money from US tax authorities, has been sentenced to five years probation.

Financial Services

Bank of England won’t raise rates until 2017

Oct 06 2015 12:30

It’s getting increasingly difficult to convince investors that the Bank of England will tighten monetary policy any time next year.

Financial Services

Investec launches new structured product

Oct 05 2015 18:38

Investec has launched a new structured investment product, the USD Wealth Accelerator, which tracks the S&P 500 Index.


Financial Services

US top court rejects Charles Schwab appeal

Oct 05 2015 17:00

The US Supreme Court has left intact an appeals court decision that has allowed a financial adviser to sue Charles Schwab Corp.

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With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills.

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