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Financial Services

Nedbank to merge two banking units

Nov 26 2014 11:01

Nedbank will merge its corporate and investment banking units, bringing wholesale operations under one management team.

Financial Services

UK banks' culture will take generation to fix

Nov 26 2014 09:45

Bad behaviour that has cost British banks £38.5bn in fines and compensation over the past 15 years will take a generation to fix, an independent think tank says.

Financial Services

Europe's biggest bank names new boss

Nov 25 2014 19:15

Spain's Santander has named Jose Antonio Alvarez its new chief executive in a reshuffle after longtime chairperson Emilio Botin died.

Financial Services

EU eyes funds to leverage investment plan

Nov 25 2014 11:40

The European Commission is likely to decide to shift some of its budget into special financial instruments to promote private investment.

Financial Services

French, UK banks push EU to revise reform plans

Nov 24 2014 13:39

French and British banks are urging the European Commission to reconsider plans to isolate high-risk trading activities at big banks.

Financial Services

SA may lose Africa banking crown to Mauritius

Nov 24 2014 12:36

Lack of political will may hand the mantle of Africa's global financial services centre from Cape Town to another destination such as Mauritius, says an expert.

Financial Services

HSBC unit charged with money-laundering

Nov 21 2014 16:49

HSBC Private Bank, the Swiss subsidiary of British banking group HSBC, says it has been charged in Paris with money-laundering.

Financial Services

UK accepts defeat in bank bonus limit bid

Nov 21 2014 11:44

Britain has suffered an embarrassing defeat in its attempt to block the European Union's new limits on bank bonuses.

Financial Services

Land Bank needs CEO, urges Afasa

Nov 21 2014 06:00

The African Farmers Association of SA has called on Finance Minister Nhlanhla Nene and the Land Bank Board to appoint a permanent Land Bank CEO.

Financial Services

Russian firms face huge insurance costs

Nov 20 2014 17:55

Russian companies face billions of dollars in extra insurance costs as Western sanctions prompt foreign insurance firms to start pulling out.

Inside Fin24.com

Financial Services

Wonga acting CEO calls it quits

Nov 20 2014 17:05

UK's biggest payday lender Wonga's acting chief executive has stepped down, becoming the third person to leave the job in the past twelve months.

Financial Services

RBS gets $88m fine for financial crash

Nov 20 2014 16:09

The Royal Bank of Scotland has been fined £56m by regulators for a system crash in 2012 that left millions of customers unable to make or receive payments.

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