HSBC, Credit Suisse and others fined for forex rigging

EU regulators says traders exchanged information and trading plans via a chat room

Former Absa CEO Daniel Mminele to chair Alexander Forbes

Mminele will take over from Marilyn Ramplin, who will retire in April 2022 to focus on her private business interests

Closure of Absa money market fund hurts unit trust sector’s inflows

Asisa data shows unit trust inflows fell to a five-year low in the third quarter after the closure of Absa's money market fund saw clients cash out

Capitec races past Standard to become SA’s No 2 bank

With a market value of just under R216bn, the no-frills institution is now second only to FNB in the sector

Santam names actuary Tavaziva Madzinga as its new group CEO

Insurance and financial services veteran with experience in both life and non-life insurance will become the new CEO of SA’s largest short-term insurer

‘You don’t need a lot of money to be a philanthropist’

SPONSORED | Anyone can make an impact if they take a four T approach to giving back, says Swiss wealth manager Julius Baer

AEEI swings into a loss, but increases its total dividend by a third

The group has delayed a decision to become a passive holding company, electing to stay hands on where needed

Deutsche Bank lures Absa’s Saloshni Pillay to run SA office

The announcement comes after rival HSBC said on Monday it had appointed Deutsche’s former SA boss as its local CEO

FirstRand sees profit rising by almost one-third as impairments trend lower

The group expects headline earnings per share to rise by more than 30% in the six months to end-December, even though credit demand from corporates remains ...

Alexander Forbes to buy EBS International

EBS shareholders, which include African Rainbow Capital, have agreed to sell 100% of the company's share capital to Alexander Forbes

African Bank targets listing as Reserve Bank looks to exit

Rothschild, Bank of America and Moshe Capital appointed as advisers on a two-phase process that will allow for ‘orderly exit’

Capprec flaunts almost R600m M&A budget

The company says it sold more terminals in six months to end-September than it did in the previous year

Nine companies refuse to be joined in bank forex trading case

The Competition Commission has accused various banks of colluding to fix prices

Danske’s top ESG banker spots risks in loan market

Among the concerns is the quality of criteria that determine the interest rate and how far key performance areas are pushed

HSBC snags Deutsche’s Muneer Ismail to run its SA operations

Ismail, who has worked for Deutsche Bank SA since 2004, has been named CEO of HSBC in SA

Standard Bank reels in retail clients

Retail deposit growth exceeds corporate deposit expansion in SA, helping to drive margins along with strong showing in rest of Africa

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