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Financial Services

US banks pass capital hurdle in Fed stress test

Mar 06 2015 10:23

US banks have passed a minimum hurdle for top-tier capital in an annual health check by the Federal Reserve, says the central bank.

Financial Services

FirstRand appoints new chief executive

Mar 06 2015 10:02

FirstRand has announced who will take over as its chief executive from Sizwe Nxasana, who is retiring after nine years at the helm of the group.

Financial Services

Standard Bank earmarks billions for Africa growth

Mar 05 2015 16:45

Standard Bank will spend the bulk of the sale proceeds of its global markets unit to fund its SA business and to invest in fast-growing areas in Africa.

Financial Services

Sanlam readying for R2bn Africa acquisitions

Mar 05 2015 12:47

Sanlam is working on acquisitions worth over R2bn in the rest of Africa and other emerging markets to be funded from a R3.3bn war chest, its chief executive says.

Financial Services

Virgin Money's profit more than doubles

Mar 05 2015 14:26

British lender Virgin Money Holdings, which made its stock market debut in 2014, says its full-year pre-tax profit has more than doubled as it sold more mortgages.

Financial Services

Standard Bank full-year earnings up 1%

Mar 05 2015 09:22

Standard Bank has reported an expected 1% growth in full-year earnings after increases in lending and transactional activity.

Financial Services

Church plans interest-free loans for indebted

Mar 04 2015 19:51

A Harrismith church wants to start offering interest-free loans to the indebted to save them from the clutches of money, Beeld reports.

Financial Services

Royal Bank of Scotland to cut 14 000 jobs

Mar 04 2015 14:25

Britain's state-rescued Royal Bank of Scotland will axe up to 14 000 jobs by 2019 in a retreat from investment banking, the Financial Times reports.

Financial Services

Judgment reserved in Shuttleworth case

Mar 03 2015 21:15

The Constitutional Court has reserved judgment in the Reserve Bank application for leave to appeal a Supreme Court of Appeal judgment in favour of billionaire Mark Shuttleworth.

Financial Services

Shuttleworth charge was not a tax, court hears

Mar 04 2015 06:14

The exchange control charge imposed on Mark Shuttleworth formed part of a regulatory environment and was not a tax, the Constitutional Court has heard.

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Financial Services

Barclays Africa earnings up 10%

Mar 03 2015 14:25

Barclays Africa has reported higher profits as it applied for a Nigerian banking licence and wants to take over the Egypt and Zimbabwe units still ran by its parent company.

Financial Services

BoE fired FX chief for series of misjudgements

Mar 03 2015 14:30

The Bank of England has dismissed its former chief foreign exchange dealer because of a series of inappropriate actions says BoE governor.

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