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Financial Services

Fee income boosts Investec earnings

May 23 2013 10:09

Investec bank and asset manager has reported an 18% rise in full-year profit, boosted by strong income from fees and commissions.

Financial Services

Jordaan leaves FNB 'mission accomplished'

May 22 2013 14:39

During First National Bank CEO Michael Jordaan's 10-year tenure he served the bank with distinction and reached the goals he had set for himself, says FirstRand.

Financial Services

Jordaan: FNB is in good hands

May 22 2013 15:54

Outgoing FNB CEO Michael Jordaan, who spent 10 years at the helm of the bank, says he is happy because he is leaving the company in good hands.

Financial Services

FNB CEO Jordaan to step down at end-2013

May 22 2013 10:30

FirstRand has announced that Michael Jordaan will step down as head of its FNB Division at the end of 2013, to be succeeded by Jacques Celliers.

Financial Services

Alexander Forbes selling insurance arm

May 21 2013 08:24

Financial services firm Alexander Forbes says it is considering possible deals to sell off stakes in its short-term and life insurance unit, Guardrisk.

Financial Services

Brown can bring it on, says FSB

May 19 2013 11:17

The Financial Services Board has reportedly said it looks forward to the possibility of facing convicted Fidentia fraudster J Arthur Brown in a civil case.

Financial Services

FedGroup pledges R1m to Fidentia victims

May 17 2013 13:51

FedGroup Beneficiary Fund administrators will give R1m to the 500 ex-mineworkers and other beneficiaries who lost millions from Fidentia, CEO John Field says.

Financial Services

RBS job cuts now close to 40 000

May 16 2013 15:03

Royal Bank of Scotland axed 1 400 more positions, taking the total number of job losses close to 40 000 since its bailout during the global financial crisis.

Financial Services

Disappointment as Brown walks free

May 15 2013 16:47

The R150 000 fine imposed on former Fidentia boss J Arthur Brown is a let-down as it will not deter white collar crime, says the Financial Services Board.

Financial Services

R150 000 fine for Brown fair, says judge

May 15 2013 15:18

Judge Anton Veldhuizen has justified a R150 000 fine for former Fidentia boss J Arthur Brown, saying he was not convicted of stealing millions from pensioners.

Inside Fin24.com

 
Financial Services

UK big banks avoid investigation

May 15 2013 13:46

Britain's biggest banks have received a boost when the consumer watchdog decided not to refer the market for personal current accounts be be probed.

Financial Services

Ex-Fidentia boss gets off lightly

May 15 2013 11:53

Former Fidentia boss J Arthur Brown was fined R150 000 and a given suspended prison sentence for two fraud convictions.

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