Investec shareholders should oppose pay policies - body

2016-07-27 20:00

Investec’s shareholders should vote against the company’s compensation policy, because pay doesn’t match performance, says a research company.

BNP Paribas-backed first Hawaiian aims for $485m IPO

2016-07-26 15:20

First Hawaiian, the Honolulu-based bank owned by BNP Paribas SA, is aiming to raise as much as $485m in an initial public offering.

HSBC in talks over Lebanese unit sale amid cost cuts

2016-07-25 11:45

HSBC Holdings has been in talks with Lebanon’s Blom Bank SAL over the possible sale of its banking business in the country as the London-based lender cuts costs.

Absa launches 'world-first' Facebook Messenger banking

2016-07-19 16:59

Local financial services giant Absa [JSE:ABSP] has unveiled what it calls ‘ChatBanking for Facebook Messenger', a world-first use of the social network that allows customers to access their banking services.

BoE rate cut may push UK lenders to deepen cuts

2016-07-12 13:38

UK-focused banks including Royal Bank of Scotland are already facing pressure on margins and could be enticed to deepen cost cuts as interest rates languish.

Italy could spark systemic bank crisis

2016-07-06 12:14

Italy’s banking crisis could spread to the rest of Europe and rules limiting state aid to lenders should be reconsidered.

Barclays ropes in Tiger Brands boss as deputy CEO

2016-07-01 14:24

Former Tiger Brands CEO Peter Matlare has been appointed as a deputy chief executive by Barclays Africa Group.

Paul Kent: Sureswipe’s acquisition of Concorde – how move aims to keep retailers in business

2016-06-14 15:13

SPONSORED: Paul Kent unpacks Sureswipe’s Concorde acquisition, and how the move aims to keep retailers in business.

Zim's central bank talks tough on currency breaches

2016-06-07 09:54

The Reserve Bank of Zimbabwe has threatened to cancel the licences of banks and foreign currency dealers who violate new rules aimed at easing a dollar shortage.

Are traditional banks getting too much credit?

2016-05-25 18:38

Despite growing hype around financial technology and the wave of innovative payment solutions, many South African businesses remain beholden to the major banks.


Deutsche Bank Q2 net profit tumbles by 98%

2016-07-27 18:42

Troubled German giant Deutsche Bank has seen net profit tumble in the second quarter, down 98% on the previous year's figure.

Standard Bank awarded banking license in Ivory Coast

2016-07-25 20:00

Standard Bank has been awarded a banking license in Ivory Coast, one of Africa's fastest growing economies, extending its reach to 20 countries on the continent.

Absa’s Facebook Messenger banking sparks security fears

2016-07-20 11:54

Fin24 users have expressed security concerns over Absa’s move to launch a ‘world-first’ Facebook Messenger internet banking service.

African Bank buys back $325m worth of bonds

2016-07-14 15:17

African Bank has repurchased $276m worth of bonds from its foreign currency-denominated bond holders and $49m worth of bonds in the open market.

Guptas, others allegedly lobbying Zuma on Fica bill

2016-07-10 19:30

The Guptas and other "prominent persons" are allegedly trying to lobby President Jacob Zuma not to sign proposed amendments to the Fica bill, reports the Sunday Times.

Investec boots CEO Koseff's pay 10%

2016-07-04 14:40

Investec has increased the compensation of its CEO by 9.9% after earnings and dividends at the owner of a bank and money manager in SA and the UK increased.

'Old African Bank' reduces its losses to R646m

2016-06-30 18:00

The latest results of Residual Debt Services - effectively the old African Bank - mark the conclusion of the relaunch of the new African Bank, says the curator.

Banks that lured Bob Diamond to Africa stumble

2016-06-12 18:46

Trouble is brewing in banks across sub-Saharan Africa, once so lauded as the next big investment destination that it lured the likes of ex-Barclays CEO Bob Diamond.

Zim banks battle rising non-performing loans

2016-05-27 18:38

Ballooning non-performing loans in Zimbabwe are hobbling banks, forcing them to institute stricter lending criteria including tight profiling of borrowers.

Barclays plans further sales in Africa unit

2016-05-18 18:26

Barclays plans to continue selling further stakes in its South African business after cutting its holding to about 50%, according to people with knowledge of the matter.

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