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Financial Services

'Expensive' label hits stocks, Nedbank sits on cash

Jul 01 2015 16:51

Expensive. That’s the tag plaguing stocks and driving investors such as Nedbank Private Wealth to park their money in cash-like securities to avoid losses.

Financial Services

Greece to re-open bank branches for pensioners

Jul 01 2015 16:48

Greece will re-open 1 000 bank branches until the end of the week to cater for pensioners who do not use cash cards for automated teller machines.

Financial Services

HSBC faces $2.4bn bill for new ringfencing rules

Jul 01 2015 09:30

HSBC will face a bill of around $2.4bn to shield its domestic retail customers from riskier parts of its operations, says the chairperson of its UK business.

Financial Services

Still breathing space for Greek banks

Jun 30 2015 14:24

Greece's banks may not be declared insolvent for several days after a default, offering the prospect of temporary breathing room in the run-up to a referendum.

Financial Services

Legal boost for African Bank restructuring

Jun 30 2015 11:52

New legislation is enabling the curator of African Bank to initiate the next step to restructure African Bank and create a "Good Bank".

Financial Services

W Cape contact centre industry shines

Jun 26 2015 19:55

The 2014/2015 financial year has proven to be another good one for the business process outsourcing and contact centre industry in the Western Cape.

Financial Services

Mboweni, Maasdorp part of Brics bank

Jun 26 2015 19:34

Cabinet has endorsed the nomination of Leslie Maasdorp as vice president of the Brics New Development Bank (NDB) and Tito Mboweni as non-executive director.

Financial Services

African Bank narrows loss to R2.8bn

Jun 26 2015 10:50

African Bank, which collapsed in August last year, has narrowed its loss to R2.8bn in the six months to end-March from a restated R5.9bn.

Financial Services

SA banks face increased bad debt levels

Jun 26 2015 07:23

SA banks face increased bad debt levels and costs because of the country’s “own goals", including power cuts and the threat of a ratings downgrade, says an expert.

Financial Services

Post Bank fraudsters get hefty sentences

Jun 25 2015 19:57

The ringleader of a major scam to defraud Post Bank, and the eight employees who helped him pull it off, have received hefty prison sentences.

Inside Fin24.com

Financial Services

Britain to privatise its 'green' bank

Jun 25 2015 20:00

Britain's Conservative government says it plans to privatise its 'green' investment bank to financially support environmentally-friendly infrastructure.

Financial Services

FDI in Africa at all-time high

Jun 25 2015 19:37

With increased foreign direct investment and continued macro-economic growth, Africa could become an economic powerhouse.

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