Investec’s British arm says it will stop offering to retail clients the type of structured products that contributed to a sharp decline in the bank’s profitability and could leave it with nearly R4bn in hedging costs.
The bank said on Wednesday that it will not launch any further retail structured product plans after the current series closes on April 1...A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
If you do business with the pink pig you must suffer.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.