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1-10 results from 1000 for query «banks»

16 January 2019 7:24 AM Ramaphosa says independence of the Reserve Bank is 'sacrosanct'

President Cyril Ramaphosa says there are no plans to interfere with the independence of the SA Reserve Bank, in an apparent climb down from what is contained in the ANC's election manifesto. Addressing business leaders on Wednesday morning ahead of the World Economic Forum in Davos, Ramaphosa said what came out of the ANC meeting was a line that only expressed 298

15 January 2019 1:28 PM WATCH: Gunfire, explosions reported near upscale hotel complex in Kenya's capital, Nairobi

An upscale complex in Kenya's capital is under attack, with a blast and heavy gunfire. The complex in Nairobi includes a large hotel known as DusitD2, banks and offices. Police spokesperson Charles Owino says that "we have sent officers to the scene, including from the anti-terrorism unit, but so far we have no more information." Ambulances, security 262

10 January 2019 6:43 PM Manuel Chang to remain behind bars until bail application

Former Mozambican finance minister Manual Chang has had his bail application postponed to January 18 by the Kempton Park Magistrate's Court. The postponement was granted to give his defence time to peruse an indictment detailing charges related to crimes that the US alleges he committed and to review the validity of Chang's warrant of arrest pending 137

02 January 2019 5:04 PM Saudis said to seek advisers for biggest bank merger since 2016

National Commercial Bank and Riyad Bank are seeking advisers for a potential merger that would create the Gulf region’s third-biggest lender with $182bn in assets, according to people with knowledge of the matter. The banks have sent out so-called request for proposals to firms including Citigroup, Credit Suisse, Goldman Sachs, HSBC, JPMorgan Chase & Co and UBS, the people 90

28 December 2018 9:31 AM China to speed up approval for foreign-owned financial firms

China will speed up approvals for securities firms and fund-company joint ventures in which foreign investors have majority stakes, a senior official said, another sign that policy makers are pressing ahead with efforts to open up the country’s financial system. The comments were made by China Securities Regulatory Commission Vice Chairman Li Chao, according 74

25 December 2018 4:04 PM Biggest Saudi Arabia bank starts talks to create mega lender

National Commercial Bank, Saudi Arabia’s biggest lender, started initial talks with Riyad Bank for a merger, a deal that would create the Gulf’s third-biggest lender with $182 billion in assets. Talks may not result in a transaction, National Commercial Bank said in a statement. The lender said it has coordinated the move with the central bank and that a deal isn’t 95

22 December 2018 1:23 PM Banks stuck with $1.6bn of unsold loans amid market rout

A rout in the once-hot market for risky corporate loans has some of Wall Street’s largest banks stuck with at least $1.6bn of unwanted leveraged buyout debt. Banks including Barclays Plc, Goldman Sachs Group Inc. and Bank of America Corp. -- among the top providers of loans for LBOs -- have struggled in recent weeks to sell loans they’ve agreed to make for private 91

20 December 2018 4:25 PM Nigeria flood victims a 'major emergency': Red Cross

Nigeria is facing a "major emergency," with tens of thousands of people displaced by recent flooding at risk of hunger and disease if help cannot be got to them, the Nigerian Red Cross said on Thursday. "Many of the 200 000 people who fled flood waters are now leaving displacement camps but some of them are finding nothing but destroyed homes and farmland" 72

20 December 2018 6:38 AM Markets LIVE: Tokyo stocks track Wall Street lower, UK unveils immigration plan

South Africa should “never be complacent” about protecting key institutions such as the central bank or National Treasury as it tries to boost economic growth, International Monetary Fund Managing Director Christine Lagarde said. The rise of populism in developed economies has brought with it a wave of attacks on central banks in the US, UK, Europe and South 79

29 November 2018 5:02 PM Reserve Bank independence `not just an emerging-market concern'

Threats to central bank independence are no longer just an “emerging-market phenomenon,” according to South African Reserve Bank Governor Lesetja Kganyago. Kganyago mentioned recent attacks on the US Federal Reserve (Fed), Bank of England and European Central Bank (ECB) as examples at a lunch with editors in Johannesburg on Thursday. “There’s a concern 79