Financial Services

WATCH: All you need to know about VBS Mutual Bank

Mar 17 2018 09:00

VBS Mutual Bank has been placed under curatorship, Fin24 unpacks how the bank got to this point.

      Financial Services

      Vele Investments on board with VBS Bank curatorship

      Mar 17 2018 11:00

      One of VBS Mutual Bank’s major shareholders, Vele Investments, has dropped its legal challenge against the mutual bank’s curatorship.

      Financial Services

      Old Mutual profits rise as it readies for split by year's end

      Mar 15 2018 12:33

      Old Mutual has announced a 22% rise in pre-tax profits for 2017, saying it has "improved the performance of the underlying businesses and set them up for continued future growth".

      Financial Services

      Coovadia on VBS curatorship: SA cannot afford a bank collapse

      Mar 15 2018 17:02

      SA cannot afford a a bank collapse while it is on the path of inclusive economic recovery, says Cas Coovadia, MD of the Banking Association of South Africa.

      Financial Services

      ECB gets tougher on bad loans amid banks' $1trn pile

      Mar 15 2018 11:42

      The European Central Bank has told banks they’ll need to be tougher in dealing with bad loans as eurozone lenders continue to grapple with soured debts amounting to almost $1trn.

      Financial Services

      KPMG SA, affiliates of Deloitte, BDO to pay penalties over audit work

      Mar 14 2018 15:48

      KPMG South Africa, KPMG Zimbabwe and foreign affiliates of accounting firms Deloitte & Touche and BDO have agreed to pay penalties for becoming involved in audit work that did not comply with US audit standards.

      Financial Services

      Patrice Motsepe's ARC posts 'healthy' maiden results

      Mar 13 2018 18:22

      African Rainbow Capital Investments has announced its maiden interim results, reporting "healthy growth" in key portfolios despite difficult trading conditions.

      Financial Services

      PIC undertakes to cooperate with VBS Mutual Bank curator

      Mar 12 2018 20:30

      The PIC, one of the main shareholders of VBS Mutual Bank, says it will cooperate with the bank’s curator to find a way forward after the Reserve Bank placed VBS under curatorship.

      Financial Services

      Gupta firms could seek damages against Bank of Baroda - court

      Mar 12 2018 15:04

      Gupta-owned companies may seek damages against the Bank of Baroda as a result of its departure from the country, the North Gauteng High Court has ruled as it rejected the interdict against the bank’s exit from South Africa.

      Inside Fin24.com

      Financial Services

      VBS bank could come out of curatorship stronger - Treasury

      Mar 12 2018 11:03

      National Treasury says placing VBS Mutual Bank under curatorship is a better option than liquidation because this aims to turn the bank around, not to close it down.

      Financial Services

      Deutsche Bank to raise up to$2.2bn in DWS unit IPO

      Mar 12 2018 10:47

      Deutsche Bank is planning to raise as much as €1.8bn in an initial public offering of its asset-management unit, a key pillar of the German lender’s turnaround strategy.

      We're talking about: #LISTERIOSIS

      Minister of Health Aaron Motsoaledi has announced that processed meat was the source of South Africa’s latest and worst listeriosis outbreak on record.

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