Investec: Still not an appealing punt
Costs at Investec’s UK unit have surged, and some fret that its time as a specialist bank has run its course
26 November 2020 - 05:00
More than 12 years after the global financial crisis, Investec has finally worked a portfolio of bad debts out of its system.
Only, its decision to push structured products had come back to bite it — and led to a big increase in costs for the UK division of the specialist bank...
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