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Financial Services

Bank of Japan opts for more monetary easing

Oct 31 2014 18:50

The world's third-largest economy is to get a boost in the form of additional monetary easing, announced the Bank of Japan in a surprise move.

Financial Services

BNP Paribas surprises with Q3 profit boost

Oct 31 2014 12:41

French bank BNP Paribas has surprised investors with a sharp rise in third-quarter net profit, sending its shares up more than 2.0%.

Financial Services

Old Mutual to build low-cost housing in Zim

Oct 31 2014 09:44

Old Mutual Zimbabwe intends to build 15 000 low-cost housing units in the next five years as it aims to grow an African-based emerging markets business.

Financial Services

RBS to reveal funds to settle forex probes

Oct 30 2014 16:50

Royal Bank of Scotland will announce how much it has set aside to cover potential fines for manipulating currency markets when it reports third-quarter results.

Financial Services

UK's 'bad bank' warns of interest dangers

Oct 30 2014 16:15

Britain's 'bad bank' has already contacted around 20 000 customers whom it thinks might have problems repaying their mortgages when interest rates start to rise.

Financial Services

Barclays bank sets £500m aside for probes

Oct 30 2014 12:14

British bank Barclays has set aside £500m linked to global probes into allegations of price-rigging in foreign exchange markets, cutting quarterly net profits.

Financial Services

African Bank collecting R2.5bn debt a month - curator

Oct 30 2014 09:52

Failed lender African Bank Investments is collecting around R2.5bn of debt a month and has applied for a new banking licence as a step towards re-listing.

Financial Services

Bad loans on the rise at small lenders

Oct 29 2014 10:26

Bad loans at small banks have risen to 17.1% of those lenders' books in the first half of this year, according to Sarb.

Financial Services

Italy sends S&P, Fitch officials to trial

Oct 29 2014 10:15

An Italian court has indicted officials from ratings agencies Standard & Poor's and Fitch over accusations of market manipulation.

Financial Services

NY regulator seeks $300m from Israeli Bank

Oct 29 2014 10:00

New York state's financial regulator is seeking more than $300m as part of a probe of whether the Israeli bank assisted US citizens in evading taxes.

Financial Services

Fresh blow for Lloyds with mis-selling charge

Oct 28 2014 19:03

Lloyds has taken another £900m charge to compensate customers' mis-sold loan insurance, delivering a new blow to the lender.

Inside Fin24.com

Financial Services

StanChart shares tumble to 5-year low

Oct 28 2014 14:45

Standard Chartered's shares have fallen to its lowest level since April 2009 after warning investors that profits would fall in the second half of this year.

Financial Services

UBS earnings burdened by legal troubles

Oct 28 2014 13:15

Major Swiss bank UBS has earmarked $1.5bn for pending legal disputes, denting its third quarter profits.

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