WATCH: How a reduced tax bill lifted Sasfin’s earnings

Sasfin CEO Michael Sassoon talks to Business Day TV about the company’s interim results

Sasfin hopes new initiatives will offset rising costs

Company grew profit 60% to R80.5m. But the bank's cost-to-income ratio increased to 73.96%.

Danske Bank not alone in world’s biggest laundering scandal

Other Nordic banks are being implicated in being a central causeway for former Soviet money-launderers to channel their funds into the West

Alexander Forbes brings back finance manager Bruce Bydawell to stabilise management team

The new CFO has been with the financial services group, which has lost eight top managers in recent months, for more than 16 years

US firm FIS buys Worldpay for a heady $34bn as fintech booms

The deal values the payment processor at about $43bn, including debt

Deutsche Bank merger with Commerzbank raises job loss fears, lifts shares

Unions and Chancellor Angela Merkel’s office express concern that the joining of Germany’s two largest banks will lead to job losses

Investec says UK offering will help it remain competitive

Banking group says SA clients value access to UK banking while competition grows as new digital banking players enter the market

Germany’s two top banks launch merger talks to create ‘national champion’

Deutsche Bank and Commerzbank heed Chancellor Angel Merkel's advice to explore a merger to avoid being swallowed up by a foreign competitor

EXCLUSIVE: Sanlam chair says he has no influence on Alexander Forbes

Johan van Zyl sits on the same board that has to deliberate on proposed deals between Ubuntu-Botho and Sanlam, which raised concerns of potential conflict of ...

WATCH: How did SA’s banks report profit in 2018?

EY's Ernest van Rooyen spoke to BDTV about the company's latest survey on the banking sector

Investec says rand’s decline will dent profits

However, despite a difficult operating environment, the group’s operating profit will probably be ‘ahead of the prior year’

Why Standard Bank plans to take an axe to its branch network

The bank intends to close 91 branches before the end of June, putting about 1,200 jobs at risk

BNP Paribas to scale down investments in thermal coal

French bank’s investment management arm says it will not put funds into companies that get more than 10% of their revenue from the fossil fuel

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