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May 25 2012 13:58
The costs of the first phase of the Gauteng Freeway Improvement Project have increased significantly to almost R90bn, according to a report.
May 25 2012 11:36
The JSE has identified and stopped "incorrect" trades from one of its members, and will reverse the trades and lower the session's total value after the close.
May 24 2012 17:31
The Reserve Bank will maintain current interest rates, and a considerable reduction in the local petrol price is anticipated, says governor Gill Marcus.
London - Moody's Investors Service said on Tuesday it was reviewing 14 British banks including Lloyds TSB Bank and Royal Bank of Scotland for possible downgrade due to less government support in case of a bailout.
Moody's said the review would reassess the level of systemic support incorporated in the ratings of UK financial institutions in order to align their ratings with changes to government support for banks now that the global financial crisis has eased.
"The reassessment is not driven by either a deterioration in the financial strength of the banking system or that of the government," said Elisabeth Rudman, a Moody's Senior Credit Officer and lead analyst for a number of UK banks.
"It has been initiated in response to ongoing guidance from the UK authorities (the Bank of England, the Financial Services Authority and the Treasury) that banks that fail in the future should not expect capital injections from the public purse," she added.