Weaker rand takes its toll on Investec’s SA arm

Investec's largest operating profit generator, its Southern African specialist bank, suffered a small decline while its UK asset management arm grew 14%

Discovery unveils plans for its bank

The bank's value proposition is built around Discovery’s Vitality model, rewarding clients for good financial behaviour

Standard Bank’s IT revamp puts more than 500 jobs on the line

The bank says it has concluded an IT review which showed that it needed to adapt its operating model and skills set

TIM COHEN: Is there room in SA for two new banks? Tyme will tell

Banking is going through the very first stages of a massive revolution and, generally, it is responding very badly

African Bank’s BEE shareholders apply for leave to appeal dismissal of legal action

The case could set legal history by enabling shareholders to sue directors and auditors 

Top international banks fined for Mexican bond trades fiddle

Global banks Citigroup-unit Citibanamex, BBVA Bancomer, Barclays, Credit Suisse and Deutsche Bank fined for inflating bond trading volumes

Capital Appreciation gains as South Africans drop cash for cards and digital money

Rapid growth in SA's credit and debit card market has increased demand for point-of-sale machines

Discovery’s highly anticipated bank to be formally launched in March

It will be the world's first behavioural bank, incorporating the financial behaviour of its clients to offer rewards

Lloyds Bank settles with HBOS whistle-blower

HBOS bosses concealed a massive fraud; Sally Masterton reported it in 2013 but has only now received an apology for how she was treated

Insurer Lion of Africa to roar no more

The short-term insurer has decided to halt its operations with immediate effect, citing continued losses in a difficult environment

Capital Appreciation increases dividend after double-digit profit rise

Software division Synthesis enjoyed a 72% surge in net interim profit, and group revenue was up 56%

WATCH: What the liquidation of VBS means

Banking Association of SA MD Cas Coovadia talks to Business Day TV about the liquidation of VBS bank

Fund managers rate US as favourite equity region, says investor survey

The survey found investors gloomy on world economic growth prospects, with a net 44% expecting a deceleration in the coming year

Goldman Sachs bankers ‘cheated’ Malaysian state fund

The country's officials vow to get money back through assistance from US department of justice

Khaya Gobodo to head Old Mutual’s wealth and investment unit

Traditional investment houses and asset managers are under pressure to attract more black talent to executive roles 

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