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...On the other side of the trade, investors could be a little too sanguine about BankUnited and FNB Corp, “which have above-average exposures to CRE office lending yet relatively low CRE reserve coverage”,...
...FNB, Old National, Pinnacle Financial Partners and SouthState present figures for CRE and for owner occupied CRE, which we have combined in the table....
...The latest in-real-life art fair cancellations stretch from the already-postponed Photo London and Liste in Basel, to South Africa’s FNB Art Joburg and — announced this week — Art Basel in Miami Beach, the...
...“Before the water crisis, Cape Town was experiencing strong growth in property prices,” says Siphamandla Mkhwanazi, an FNB economist....
...“It didn’t give the right impression to staff or visitors about the inclusive stance of this company or its diversity.”...
...As a public company, Sotheby’s has also laid itself open to active and vocal investors, not least Third Point’s Daniel Loeb....
...JPMorgan focuses on companies that can make a meaningful impact on the financial health of their local populations....
...Meanwhile, Oakbay Investments, a holding company operated by the Gupta family, said in an emailed statement that its accounts at First National Bank (FNB) had been closed for “no reason whatsoever”....
...An FNB spokesperson said the bank does not have an account with Oakbay Investments but said it had given notice to close “various banking accounts of entities that may be associated” with the company....
...Last week, Moody’s, the credit rating agency, downgraded Capitec, but Mr Fourie insists the company should not be judged by its competitor....
...South Africa’s ruling African National Congress has launched a withering attack on First National Bank after the company released an advertising campaign in which young people expressed their hopes and concerns...
...The party’s HQ, it women’s and youth leagues, and finally the presidency, all condemned FNB....
...FNB’s predecessor, Barclays South Africa, had the same problem with the apartheid government, which accused it of supporting the ANC....
...FNB operates in six southern African countries and is about to enter Angola, Ghana and Nigeria. The company, which had sales in 2011 of R25.8bn and 7.1m customers in South Africa, declined to comment....
...Subsidiary First National Bank’s FNB banking “app” allows users to access their accounts, make payments and buy a range of prepaid mobile products....
...Johannesburg) ● Group chief executive roles at large banks in South Africa: ABSA Bank: Pay, R6.657m ($815,000); bonus (performance incentive), R14m Nedbank: Pay, R5.983m; bonus, R9.7m short-term incentive FNB...
...The new delinquencies include FNB United Corp. and the Bankers’ Bank of the West Bancorp Inc....
...FNB and Standard Bank – two of NedBank’s competitors – are rolling out mobile banking products....
...Some of the 2010 national sponsors, such as FNB and Telkom, will see the event as a platform for solidifying their domestic position and for potential international growth....
...A recent report by FNB, one of the largest banks, says in the first quarter of this year only 11 per cent of properties traded were sold by emigrants....
...Mr Carstens’s secondment in October from FNB, the South African bank and national sponsor of the event, has helped get the marketing ball rolling....
...“People aren’t moving to the suburbs,” says FNB’s Mr Grondel. “The suburbs are moving to Soweto.”...
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