US insurer John Hancock to sell only Vitality-linked cover

The move to completely discontinue underwriting traditional life insurance is a bold one

Danske Bank CEO quits over €200bn money laundering scandal

The Danish bank details compliance and control failings that allowed illegal funds to flow through its small Estonian branch

Financial Conduct Authority investigation into Quilter is closed

Financial services company Quilter said on Wednesday that the investigation by the Financial Conduct Authority (FCA) regarding the fair treatment by firms of ...

Goldman support allows for fintech dynamo Jumo’s Asian growth

Led by Goldman Sachs’s first-time investment in the company, the rapidly growing global firm raises $52m

Ecsponent maintains growth trajectory

The niche financial services group has more than doubled its headline earnings per share and now has ‘a reasonably refined business model’

Nigeria says looters’ banker HSBC cannot criticise

Nigeria lashes out at HSBC after its analyst warns against  a second term for President Muhammadu Buhari

Deutsche Bank’s asset shift from London to Frankfurt ‘in line with UK, EU regulators’

The European Central Bank is said to be urging  financial services players to shift their investment banking activities to the continent

Sasfin’s impairment charges double

Group CEO Michael Sassoon suspects fraud by borrowers is partly responsible as company headline earnings plummet 37%

Plan to hive off funds unit boosts Investec

A separate listing could propel the firm into the ‘super league’ and help unlock ‘trapped value’

Small insurers open up life cover to low-income market

Hollard finds a way to make underwritten products more affordable but they have been slow to take off

Investec shares leap on news asset management unit will go its own way

Investec Asset Management will list on the London Stock Exchange with an inward listing on the JSE once all relevant permissions have been obtained

Savings group Asisa’s eye on more infrastructure projects

The association is in talks with the National Treasury and the Development Bank of SA to prioritise the projects

ARC doubles portfolio value since listing

African Rainbow Capital has managed to grow its portfolio to R8.14bn through acquisitions

Sanlam shares shrug off takeover delay fears in Morocco

Diplomatic hurdles do not yet pose a threat, says portfolio manager

FNB’s safety deposit box contracts should be void, say 60 theft victims

The group is claiming R121m from FNB for not having adequate security measures in place when three branches were breached in 2016

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