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  • Old Mutual expects up to 45 per cent jump in profit on ‘exceptional growth’ in new business

    Insurance

    Pan-African financial services group Old Mutual has said it saw profits surge as much as 45 per cent last year due to “exceptional growth” in new business.

    Old Mutual is Africa's largest insurer by assets.
  • Capital One announces tie-up with Discover in $35.3bn deal creating payments giant

    US Business

    "Our acquisition of Discover is a singular opportunity to bring together two very successful companies with complementary capabilities and franchises," said Richard Fairbank, founder, chairman and chief executive officer of Capital One said.

    "Our acquisition of Discover is a singular opportunity to bring together two very successful companies with complementary capabilities and franchises, and to build a payments network that can compete with the largest payments networks and payments companies," said Richard Fairbank, founder, chairman and chief executive officer of Capital One said.

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