Cape Town / Bloomberg Nedbank Group Ltd., the South African lender controlled by Old Mutual Plc, said full-year profit gained 9.4 percent after the retail unit boosted customer numbers and the bank controlled costs. Net income rose to 10.72 billion rand ($688 million), from 9.8 billion rand in 2014, the Johannesburg-based company said in a statement on Wednesday. Earnings per ...

Bloomberg The Reserve Bank of Australia (RBA) slashed euro holdings in its currency reserves to 20 percent from 45 percent in 2012 and recently added the South Korean won. The central bank said on Wednesday it had allocated 5 percent of net reserves to the won, in line with holdings of the Japanese yen, Canadian dollar, British pound and Chinese ...

MELBOURNE / Bloomberg Australia & New Zealand (ANZ) Banking Group Ltd. said its wealth management head Joyce Phillips is leaving as the lender folds parts of the business into its retail unit. The Australian wealth distribution business, and wealth management activities in Asia and New Zealand, will be merged with the retail units, the Melbourne-based lender said in a regulatory ...