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Jessie Duarte, former special assistant to Mandela, dies at 68

Bloomberg Jessie Duarte, who served as special assistant to former South African President Nelson Mandela after his release from prison, has died. She was 68. Duarte’s death on Sunday was announced by the South Africa’s ruling party. She had been on medical leave since November undergoing cancer treatment. “It is with profound sadness that the African National Congress has learned ...

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UBS, Citi among banks hit by pullback of Asia’s rich clients

  Bloomberg A slump in client trading activity in Asia is threatening to slow a lucrative earner for the world’s biggest wealth managers. UBS Group AG and Citigroup Inc are among banks whose wealth revenues for the region likely declined by double digits in the first half. Credit Suisse Group AG, which last month warned that results in the second ...

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ANZ nears $3.81b deal for Suncorp’s banking unit

  Bloomberg Australia & New Zealand Banking group is nearing a deal to acquire Suncorp group Ltd.’s banking operations as it seeks to add customer growth, according to people familiar with the matter. An announcement could be made as soon as this week and the lender will seek to tap equity markets with a share sale to help fund the ...

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