• Inside Labour

    The 'casualisation' of the workforce is often a ploy to cut costs, says Terry Bell.

  • When drones go dancing

    Drone technology's future is about to come to life in Cape Town, says Arthur Goldstuck.

  • Testing times for Matona

    New Eskom CEO Tshediso Matona has his work out cut out for him, says Mzwandile Jacks.

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Financial Services

Berkshire Hathaway fined for lax reporting

Aug 21 2014 12:45

US antitrust officials have fined Warren Buffett's Berkshire Hathaway for failing to notify regulators ahead of a large securities acquisition in December 2013.

Financial Services

KPMG wants EU bank reforms shelved

Aug 21 2014 11:15

KPMG has written to Europe's largest lenders saying a European Commission plan to separate banks' consumer and investment-banking arms should be shelved.

Financial Services

Bank of America $17bn deal expected

Aug 21 2014 10:45

Bank of America is expected to pay $17bn to settle charges it misled investors on mortgage-linked securities in a deal that could come this week.

Financial Services

African Bank 'kept lending to indebted customers'

Aug 21 2014 10:11

Court documents show that African Bank made high-interest loans to customers even when bank statements indicated they would struggle to service their debts

Financial Services

Regulators warn banks over poor risk-spotting

Aug 21 2014 09:45

US regulators are sending some of the biggest global banks verbal warnings as they crack down on the firms' poor grasp of their own weaknesses.

Financial Services

Banking downgrade in perspective

Aug 21 2014 09:01

The macro-economic backdrop was one of the issues at play in Moody's downgrade of South Africa's major banks, says an expert.

Financial Services

Business as usual at Capitec

Aug 20 2014 14:42

Capitec explains what the Moody's downgrade means in practical terms and what will be done about it in future.

Financial Services

SA bank index down after Moody's downgrade

Aug 20 2014 10:50

Shares of SA banks have fallen after a Moody's ratings downgrade cited a lower likelihood of support from Sarb to protect creditors.

Financial Services

Citigroup to sell its Japanese retail arm

Aug 20 2014 08:29

Citigroup is eyeing the sale of its Japanese retail banking operations, more than a century after setting up shop in the Asian nation.

Financial Services

SA's banking sector is healthy - Sarb

Aug 20 2014 07:00

The South African Reserve Bank has disputed Moody's decision to downgrade Standard Bank, FirstRand, Absa and Nedbank and put them on review for further cuts.

Inside Fin24.com

 
Financial Services

Warning against overreaction to banks' downgrade

Aug 19 2014 18:53

Moody's was too late in downgrading African Bank and now overreacted in downgrading Capitec as a result, says Kokkie Kooyman of Sanlam Investment Management Global.

Financial Services

Citi mulls sale of Japan retail banking unit

Aug 19 2014 18:43

Citigroup is considering the sale of its retail-banking business in Japan, the Wall Street Journal reports, citing people familiar with the matter.

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