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Financial Services

Big four banks performing well - PWC

Sep 16 2014 13:08

The four major banks in South Africa have posted combined headline earnings of R27.8bn, an increase of 13.1% in the six months ending June 2014, PwC says.

Financial Services

ConCourt to hear credit appeal

Sep 15 2014 19:58

The Constitutional Court will hear an appeal on whether a credit provider's failure to register under the credit act invalidates a loan agreement.

Financial Services

OECD slashes growth forecasts

Sep 15 2014 15:15

The OECD has slashed its growth forecasts for major developed economies, urging more aggressive ECB stimulus to ward off deflation in a subdued eurozone.

Financial Services

Cash repayments part of African Bank collapse

Sep 15 2014 12:32

The problems at African Bank could perhaps have been avoided if it relied less on cash repayments of loans, suggests an expert.

Financial Services

Portugal's 'good bank' gets new head

Sep 15 2014 11:45

Former Lloyds banker Eduardo Stock da Cunha is to take over the helm at Novo Banco, the "good bank" created after the bailout of stricken Banco Espirito Santo.

Financial Services

Investec sells $877m of Irish loans

Sep 15 2014 10:45

Investec has sold £540m of Irish mortgages to a US private equity firm, marking its second deal this month to get rid of loans it not longer wants.

Financial Services

JPMorgan hackers accessed servers

Sep 14 2014 15:00

Hackers have accessed dozens of servers at JPMorgan Chase & Co in a cyberattack launched in June, though no money was taken.

Financial Services

HSBC, US government reach settlement

Sep 14 2014 14:30

London-based lender HSBC Holdings has become the latest financial firm to settle claims by the US government over the sale of mortgage-backed securities.

Financial Services

UK banks slam leverage plans as too complex

Sep 14 2014 14:15

Britain's banks have slammed plans to impose new capital rules for lenders and said the "leverage ratio" proposals are far too complex.

Financial Services

Former African Bank boss apologises

Sep 14 2014 09:18

Former African Bank executive Tami Sokutu has finally apologised for having dismissed the poor who borrowed from the embattled bank.

Inside Fin24.com

 
Financial Services

Barclays poaches Aviva chairperson

Sep 12 2014 17:23

Barclays has appointed banking and insurance veteran John McFarlane as its new chairperson to oversee the efforts of improving performance.

Financial Services

Ex-Barclays CEO gets $6m in shares

Sep 12 2014 19:28

Atlas Mara, the African banking venture of former Barclays boss Bob Diamond, has awarded its chief executive shares worth $6m.

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