Deutsche Bank AG, the German lender whose shares have declined by almost half this year as it grapples with mounting legal costs, should be able to weather its problems, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said.
The rand fell as much as 1.2 percent to head for its biggest weekly retreat this month as increased risk aversion among global investors and a possible reweighting of South Africa in a JPMorgan bond index.
Amid mounting concern about Deutsche Bank AG’s ability to withstand pending legal penalties, about 10 hedge funds that do business with the German lender have moved to reduce their financial exposure.
John McFarlane looks set to put Barclays through the same approach he used at Aviva Plc wielding a buzz-saw on both the management and also the directorate.
X2’s Mick Davis, who lost his Xstrata to fellow SA-raised mining entrepreneur Ivan Glasenberg, is apparently close to scooping up bargain-priced South32.
The biggest gold bust in three decades is about to end a six-year expansion in mine output.
Iron ore may extend declines as weakening producer currencies shrink domestic mining costs, reducing incentives for the supply cuts needed to balance the market
Industrial & Commercial Bank of China Ltd., the world’s largest lender by assets, posted its first quarterly decline in profit since 2009 as provisions for bad loans more than doubled.
China’s push to insert its stock market into the global financial system is coming too late for investors holding $1.7 trillion of developing-nation assets.
September seems to be an exciting month for investors with the launch of Apple’s products tomorrow and the announcement that Alibaba has finalised its IPO price range for its listing on the New York Stock Exchange which is expected to be the biggest IPO in US history. But even giants such as Alibaba need to … Read more