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Financial Services

Goldman Sachs' earnings dip on trading decline

Apr 17 2014 16:30

Goldman Sachs has reported lower quarterly profits due to declines in some key trading divisions, but notched a big gain in financial advisory services.

Financial Services

European banks' returns well below target

Apr 17 2014 14:46

Europe's largest banks are generating a poor return on their capital, well below their post-crisis targets.

Financial Services

Putin speeds up Crimea's switch to rouble

Apr 17 2014 12:26

Russian president Vladimir Putin says the country would speed up the process of switching Crimea's banking system to the rouble.

Financial Services

Bank of America reports $276m loss

Apr 16 2014 15:37

Bank of America has reported a quarterly loss of $276m due to legal expenses that included a huge settlement with the US on mortgage-backed securities.

Financial Services

Fed tapering could hit SA banks hardest

Apr 16 2014 14:41

Banking systems in South Africa and Turkey are the most vulnerable to the impact of the US Federal Reserve's tapering program, reports Standard & Poor's.

Financial Services

China gets first bitcoin ATM

Apr 16 2014 13:15

BTC China, one of the country's leading digital currency exchanges, has installed China's first bitcoin ATM and launched an app for mobile users.

Financial Services

State bank woes poison the mood in Austria

Apr 16 2014 11:56

State bank Hypo Alpe Adria has moved beyond being Austria's worst post-war financial debacle to become a lightning rod for grass-roots criticism of banks.

Financial Services

Ombudsman fines top four banks R125m

Apr 16 2014 11:01

The Reserve Bank says it has fined the country's top four banks a total R125m over lax anti-money laundering controls.

Financial Services

Carlyle Group closes Africa fund

Apr 16 2014 10:00

Carlyle Group has closed its first sub-Saharan African fund after raising $698m, says the US private equity firm.


Financial Services

Former ICAP brokers in UK court

Apr 15 2014 15:15

Three former brokers at the world's largest interdealer broker ICAP charged with running a scheme to manipulate Libor rates have appeared in a London court.

Financial Services

Lloyds FX chief leaves bank - sources

Apr 15 2014 15:00

Lloyds Bank's global head of foreign exchange spot trading has quit, citing reasons unrelated to the global currency market manipulation probe, sources say.

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.

An uncomfortable election

The latter few weeks of election 2014, have seen South Africans reeling from an assault on their comfort zone when it comes to voting, writes Daniel Silke


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