China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

Euromoney’s 2012 FX survey results

Euromoney’s 2012 FX survey results

Access the results now

May 2011

For sale: Nedbank still on the block

Nedbank’s owners are still looking for a buyer, after the failure of a deal for HSBC to buy the South African bank last year.


It appears that South African insurers Old Mutual are continuing to invite offers. Mike Brown, Nedbank’s chairman, says: "Old Mutual has said that if it could find an owner for Nedbank that could add more value to Nedbank, and South Africa, it would enter into discussions again. Old Mutual has consistently said that Nedbank is a very valued member of the Old Mutual group, but if there was an owner for Nedbank that was better for all stakeholders, then it would be prepared to discuss with whoever that may be."

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