Two local fintechs chosen for global incubator projects

Meerkat and Spoon to participate in the programme run by Catalyst, JP Morgan and UK Aid

Barclays CEO to keep control of investment arm

Technology arms race means there will be growth but it will be slow, says Jes Staley

PODCAST | Naked AI-based insurer expands coverage

Replacing people with algorithms allows insurance to get stripped to its cost-effective basics

Bank of America on hiring spree to bolster Asian investment team

A third of BOA’s new hires in Asia will be senior bankers for its M&A advisory and capital markets businesses in Hong Kong, Singapore and Australia

Reinet’s main fund sees almost R11bn jump in net asset value

The fund, which holds the group’s stake in British American Tobacco, rose €684m in the three months to end-December

Old Mutual confident legal challenges won’t derail appointment of new CEO

Speaking in Davos, interim CEO Iain Williamson says the position will be announced ‘imminently’, and confirms he will put his name into the hat

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UBS misses profit and cost targets for 2019

CEO of the Swiss bank, Sergio Ermotti, has now dialed back some financial goals

Brait to raise R5.25bn in share sale amid recapitalisation drive

The company has declared its intention to issue about 795-million new shares

Analysts are ‘overly negative’ on 2020 earnings, says JPMorgan

Profit upgrades could again coincide with equity gains, says JPMorgan

Goldman Sachs gets green light for bank in SA

The Reserve Bank’s approval is seen as an important milestone as the US-based behemoth seeks to expand its client offering locally

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Saica honours brightest young chartered accountants

SPONSORED | Three CAs show what it takes to be top in their industry

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JP Morgan leads the investment banking league tables in 2019

The firm earns $48.5m in investment banking fees in Sub-Sahara Africa

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Barclays said to be cutting some top director roles in investor banking

Barclays CEO Jes Staley has clamped down on expenses, and in 2019, he said the bank cut 3,000 jobs in the second quarter

Morgan Stanley joins rest of US banking industry with sterling results

The final three months of 2019 offered relief for US banks stung by a years-long slump in the fixed-income market

Property funds face risk if they choose to delist

Struggling real-estate groups may want to leave the JSE as they battle to deliver dividends

Standard Bank CEO Sim Tshabalala warns of tough year amid rising competition

Ambitious and well-resourced entrepreneurs have started entering the banking sector

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Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.