Bank of America profit beats estimates as healthy economy fuels loan growth

Solid consumer activity boosts the gains of the second-largest lender in the US

Deutsche Bank raids rival talent to target European wealthy

German lender hires private bankers from Credit Suisse while cutting global trading jobs

US Fed about-face has JPMorgan adjusting lending outlook down

JPMorgan joins rivals, including Wells Fargo, in cutting the outlook for traditional lending businesses that have benefited from higher rates

Showdown between Peter Moyo and Old Mutual postponed to Thursday

Moyo approached the high court on June 28 for an urgent application to be temporarily reinstated and to interdict Old Mutual from filling his former role

Vunani wants to graduate to JSE’s main board

Financial services firm prepares bid to transfer its listing from bourse's AltX

Actis completes deal to take over funds of collapsed buyout firm Abraaj

The deal is aimed at strengthening the private equity firm's position in the Middle East and Africa

Investec Asset Management backs African retail

The asset manager has added Egyptian supermarket chain Spinneys to its stable

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UK banks warn business investment is slowing further ahead of Brexit

Executives at the UK's leading banks now see a dip in firms' activity levels

Solid cost containment helps Citigroup to better than expected profit

Citigroup added loans and deposits in the second quarter, allaying concerns that a weaker economic outlook is hurting consumers’ ability to borrow

Investec Asset Management buys Egyptian supermarket retailer Spinneys

This is the asset manager’s first private-equity investment in Egypt and the eighth investment by its second pan-African private equity fund

How pensioners have lost millions in Lorna Jane SA MD’s scandal

The financial adviser will appear in court on fraud charges related to unregulated investments in which his clients may have lost as much as R100m

Old Mutual vs Peter Moyo, the dirty linen now hangs in public

The former CEO of the SA's largest insurer is not going down with a fight, but his behemoth former employer is determined to crush him out of the corporate ...

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Deutsche Bank resize means job losses in SA

The bank is cutting jobs in all its global operations, and its branch in Sandton is going to be downsized

Tough times ahead for SA-based companies, say analysts

Small cap and mid-sized companies will continue to be hit by low consumer demand and rising costs of doing business

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Deutsche Bank being investigated again, this time for 1MDB scandal

The US department of justice has broadened its probe of the 1MDB fund to see if the bank has violated foreign-corruption laws

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