Italian banks face 2019 funding crunch without ECB help

Most lenders are struggling to raise money while the European Central Bank is considering a new type of multiyear loans to avoid a potential liquidity shock

Alexander Forbes turns attention to rebuilding confidence after losing more execs

CEO Dawie de Villiers hopes SA's largest pension funds administrator can restore confidence with reviewed strategy

updated 6 hours ago
JPMorgan quarterly earnings surge despite some trading weakness

Increased spending on technology and marketing, as well as increased provision for bad loans, dent earnings

Wells Fargo blames missed revenue target on fewer consumer loans

However, the bank managed to make good on its promise to reduce costs to combat expenses related to a 2016 sales scandal

EXCLUSIVE: Absa wants to win back its retail crown

Absa retail and business bank has the freedom and motivation to compete for market leadership following its separation from Barclays.

Citigroup’s profit surges helped by lower tax rate

Citigroup fourth-quarter profit has surged from a year ago when it took a large write-down related to changes in the US tax code.

Market confident about Alexander Forbes despite executive changes

Analysts say the pension fund administrator remains trustworthy and the market will probably take its time in judging the new management team

Absa accused of attempting to bully exotic car dealership into liquidation

The owners of Ballito-based SMD Group, which sells Ferraris, Porsches and Lamborghinis, dispute that it owes R400m

Banks review security measures as cyber crime menace grows

Criminals are getting more sophisticated, warn SA's major banks, as they pilot debit-order system DebiCheck to fight SIM-swap fraud

Investec could be the darling for SA bank stocks in 2019

Investec appears to be the most attractive from a valuation perspective, says analyst.

Alexander Forbes executives resign amid strategic review

Details of their resignations are confidential, the company says, with successors yet to be found

TymeBank rolls out its cheap and easy kiosks

The bank rolls out first virtually cost-free offering at partner Pick n Pay and Boxer stores

Financial stocks could fare well before general election, say analysts

With elections looming and global uncertainties increasingly threatening, 2019 could prove a difficult year for SA's financial stocks.

Grant Thornton hit record $5.45bn in revenues last year

Acquisitions in Japan and SA helped lift revenues, but the audit firm warns of the time needed to overhaul the industry in Britain

Tough first half for Avior Capital Markets

The trading and research firm warns its first-half earnings for 2019 could drop by 100%

Purple Group cuts Mark Barnes’s fee by more than R2m at unusual AGM

At its AGM, Purple Group approved a R2m capital raising fee for Mark Barnes, despite concerns of minority shareholders


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