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Financial Services

Global banks await huge currency rigging fines

May 22 2015 14:30

US regulators have fined Swiss bank UBS $342m for manipulation of foreign exchange markets, as other global lenders prepared for even larger penalties.

Financial Services

Bank probe sees Nene concerned at systemic risk

May 21 2015 21:09

Government officials will meet the SA Reserve Bank to discuss a foreign-currency trading investigation, as the finance minister says he is concerned the probe may expose risks to the banking system.

Financial Services

Sanlam in $11.6m Zim insurance deal

May 21 2015 13:56

Sanlam is to receive a 40% stake in Zimbabwean life insurance and reinsurance businesses after agreeing to a $11.6m deal with a London-listed investment firm.

Financial Services

Banker accountability rules not a witch hunt - BoE

May 22 2015 07:44

New rules to make senior managers and board members of banks and insurers directly accountable for their actions are about increasing clarity, not witch hunts.

Financial Services

Investec full-year profit climbs

May 21 2015 13:45

Investec has raised its dividend after reporting a rise in full-year profit, helped by a strong showing at its asset management and lending businesses.

Financial Services

Global banks fined nearly $6bn in forex probe

May 21 2015 07:58

Four major banks have pleaded guilty to trying to manipulate foreign exchange rates and, with two others, were fined nearly $6bn.

Financial Services

Japan debt plan needs BOJ to keep rates low

May 21 2015 09:00

Japanese Prime Minister Shinzo Abe's plan to cut the country's debt pile will rely on the Bank of Japan keeping government bond yields low for years to come.

Financial Services

UBS to pay $545m over forex scandals

May 20 2015 12:15

UBS will plead guilty to rigging benchmark interest rates and pay $545m to US authorities to settle their probe into alleged manipulation of foreign exchange rates.

Financial Services

Brexit may prompt Deutsche Bank to leave UK

May 20 2015 09:42

The Deutsche Bank is considering whether to cease all its operations in Britain if it decides to exit the EU.

Financial Services

Five big banks face $5bn bill over FX rigging

May 20 2015 09:00

Five of the world's biggest banks are expected to be hit with a combined bill of more than $5bn and criminal charges in a settlement with US and British authorities.

Inside Fin24.com

 
Financial Services

Ellerine creditors receive 14% payout

May 19 2015 19:30

Administrators of the furniture arm of failed lender African Bank Investments say creditors were paid 14% of what they were owed by Ellerine Furnishers.

Financial Services

Faster ECB money-printing excites investors

May 19 2015 16:32

The European Central Bank will accelerate the pace of money printing to buy government bonds over the next two months, one of its top officials say.

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