Alexforbes launches foray into R500bn discretionary fund management market

CEO Dawie de Villiers says DFMs have gained prominence, managing about R500bn in investments over the past decade

Morgan Stanley says dollar likely to remain top global currency

Greenback’s global influence remains strong despite rise of China’s yuan

Old Mutual flags possible client exits after policy changes

Financial services group revises insurance policies in response to load-shedding and climate change

Investment bankers lose jobs as Asian deals slow

Morgan Stanley and HSBC join the downsizing trend as markets in China remain sluggish

NDB seeks CFO successor as Leslie Maasdorp’s term ends

Maasdorp will step down as VP, CFO and debt officer of the NDB with effect from July 7

Standard Bank aims to up market share in renewable power financing

‘Big Blue’ has share of 30% in funding of renewable independent power producer programme

Morgan Stanley’s first-quarter profit beats estimates

The results were due to a resurgence in investment banking and growth in wealth management

Denmark’s Saxo Bank up for sale

A deal could value the privately held bank at about  €1.5bn, sources say

Court rejects bid to see Habib Bank books

Judge says granting application will undermine liquidators’ control

BNP Paribas becomes top investor in Belgian insurer Ageas

Chinese conglomerate Fosun agrees to sell the bank a 9% stake in Belgian insurer

AI to play key role in Old Mutual’s bank

Group is awaiting approval from the Prudential Authority for its bank

UniCredit shareholders back CEO Andrea Orcel and his pay rise

Orcel, one of Europe’s best-paid bankers, secures another three-year mandate

Most US banks still lack borrowing capacity a year after SVB collapse

That is despite calls from financial regulators for institutions to ensure they can access the discount window quickly if trouble arises

Coronation wary of SA Inc value trap

Asset manager favours global businesses listed on the JSE, because of extremely difficult environment