FirstRand Ltd (FST.NM)
9 Dec 2016
JOHANNESBURG South African lender FirstRand said on Monday suspicions of money-laundering lay behind its decision to cut ties with a business family linked to allegations of influence-peddling in President Jacob Zuma's government.
JOHANNESBURG, Nov 8 South Africa's big four banks will see a rise in problem loans in the next 12 to 18 months as the economy struggles to grow, but this poses only a moderate risk to profits, ratings agency Moody's said on Tuesday.
* Impact of brexit to global financial markets, coupled with heightened risk aversion it has brought about, has resulted in ever tighter financial conditions globally
JOHANNESBURG, Sept 8 South African's biggest lender by market value FirstRand Ltd reported a 5 percent rise in full-year profit on Thursday, lifted by a 13 percent increase in net interest income.
* Commission recommended to the tribunal that firstrand bank deal with mmi group be approved without conditions Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)