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Financial Services

Mboweni, Maasdorp part of Brics bank

Jun 26 2015 19:34

Cabinet has endorsed the nomination of Leslie Maasdorp as vice president of the Brics New Development Bank (NDB) and Tito Mboweni as non-executive director.

Financial Services

African Bank narrows loss to R2.8bn

Jun 26 2015 10:50

African Bank, which collapsed in August last year, has narrowed its loss to R2.8bn in the six months to end-March from a restated R5.9bn.

Financial Services

SA banks face increased bad debt levels

Jun 26 2015 07:23

SA banks face increased bad debt levels and costs because of the country’s “own goals", including power cuts and the threat of a ratings downgrade, says an expert.

Financial Services

Post Bank fraudsters get hefty sentences

Jun 25 2015 19:57

The ringleader of a major scam to defraud Post Bank, and the eight employees who helped him pull it off, have received hefty prison sentences.

Financial Services

Britain to privatise its 'green' bank

Jun 25 2015 20:00

Britain's Conservative government says it plans to privatise its 'green' investment bank to financially support environmentally-friendly infrastructure.

Financial Services

FDI in Africa at all-time high

Jun 25 2015 19:37

With increased foreign direct investment and continued macro-economic growth, Africa could become an economic powerhouse.

Financial Services

Which bank will Gauteng switch to?

Jun 25 2015 16:54

Four banks that have tendered to service Gauteng’s R90bn provincial budget will see who has the best deal on the table during the adjudication process next week.

Financial Services

Prescient shows solid performance

Jun 25 2015 16:33

Multinational financial services and information management services group, Prescient has announced a solid performance in its second full year as a listed entity.

Financial Services

Steinhoff, Brait share movements probed for insider trading

Jun 25 2015 14:34

Dealings in shares in Steinhoff and Brait are being investigated by South African regulators as part of an insider trading probe.

Financial Services

Early settlement in rand-rigging probe expected by ex-regulator

Jun 25 2015 06:35

Antitrust authorities will probably reach a settlement with some of the world’s biggest banks accused of rigging trading in the rand, says an ex-Competition Tribunal head.

Inside Fin24.com

Financial Services

Barclays hires JPMorgan for broking role

Jun 24 2015 15:07

Barclays has appointed JPMorgan as its corporate broker replacing Credit Suisse, making the change as new chairperson John McFarlane begins a revamp of the lender.

Financial Services

Banks didn't do enough to police Fifa, says watchdog

Jun 22 2015 17:30

A global group of government anti-money-laundering agencies says financial institutions have not done enough to police suspicious activity by Fifa officials.

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