Russia faces $40bn battle as banking crisis looms

2015-01-23 19:15

Russia may have to spend more than $40bn this year to avert a banking crisis, as the growing likelihood of a sharp recession looms.

Spain bank BBVA sells stake in China's CNCB

2015-01-23 13:29

Spanish banking giant BBVA says it will sell half of its stake in Chinese lender CNCB for $1.64bn to strengthen its capital base.

China pumps cash into banks in bid for growth

2015-01-21 17:30

China's central bank has bolstered support for the cooling Chinese economy by injecting another 50bn yuan worth of short-term loans into banks.

UK lawmaker calls for vetting of senior bankers

2015-01-20 17:00

Financial regulators in Britain risk repeating past failures if they give existing senior bankers a free pass into a new accountability regime, says a source.

'Ghandi of Swiss tax law' to avoid jail

2015-01-19 16:00

A former Julius Baer banker found guilty of breaching Swiss banking secrecy laws by handing over data about offshore clients to WikiLeaks will avoid jail time.

Greek banks ask for emergency cash

2015-01-16 15:00

Two Greek banks have asked the Bank of Greece for emergency cash following an increasing outflow of deposits ahead of snap elections next week, says a source.

Russia, Ukraine crisis impacts EBRD

2015-01-15 16:15

The European Bank for Reconstruction and Development will probably report its first loss since the global financial crisis due to turmoil in Russia and Ukraine.

Five financial resolutions to stick to in 2015

2015-01-14 12:00

New Year's resolutions come and go, but one aspect of your life where you should try to change resolutions into habits is your finances.

European banks face $52bn in lawsuits

2015-01-13 19:30

Royal Bank of Scotland and Barclays may have to pay up to $52bn in fines and other litigation costs facing Europe's banks over the next two years.

Hacker demands money from Swiss bank

2015-01-09 19:20

A hacker claiming to be behind a cyber attack on Banque Cantonale de Geneve (BCGE), has used social media to threaten to leak confidential data.

Zim banking: You either strike gold or get burnt

2015-01-09 14:45

While SA-owned banks in Zimbabwe have been profitable for years, some foreign investors' fortunes have been nothing but bleak since they ventured into the country.

Big banks park beat-up energy sector bonds

2015-01-09 13:06

Big European and American banks have found a productive place to park the energy sector's most distressed debt.

Lawmaker criticises overseers of Bank of England

2015-01-07 10:31

Officials charged with overseeing the Bank of England have failed to hold the central bank to account during the 2007/2009 financial crisis.

UK banks far from end to mis-selling scandal

2015-01-06 14:00

Britain's banks will be paying out compensation to customers mis-sold loan insurance for years to come.

Tale of two bankers

2015-01-02 07:34

Leopold Scholtz contrasts an honest banker's career with that of a shadier counterpart.

M&A boom helps push investment banking fees

2014-12-23 09:30

Fees earned for investment banking services have risen 7% in 2014 as bankers handled the greatest value of mergers and acquisitions since 2007.

Bank of Cyprus begins trading with a bump

2014-12-16 16:45

Cyprus's largest lender has returned to the Nicosia and Athens stock markets after a 21-month absence following a banking crisis.

Bank of England stress tests pass rate

2014-12-16 12:38

All Britain's main banks would be able to withstand a sharp fall in house prices, other than the troubled Co-operative Bank, says the Bank of England.

Aus central bank staff safe amid hostage drama

2014-12-15 08:36

Reserve Bank of Australia headquarters in Sydney's Martin Place are locked down with everyone safe inside, according to a spokesperson.

Banking body welcomes new Zim coins

2014-12-14 09:14

The Bankers Association of Zimbabwe says it welcomes the introduction of the new bond coins and that this will not affect change current banking limits.

NY banking regulator probing forex manipulation

2014-12-11 11:00

The New York banking regulator is investigating if Deutsche Bank and Barclays used algorithms on their trading platforms to manipulate foreign exchange rates.

Concerns about emerging market company debt

2014-12-08 06:00

Cross-border debt issued by emerging market companies may be less stable than it appears due to the increasing role of overseas subsidiaries, a report shows.

Tougher questions for banks from ECB

2014-12-02 10:15

After subjecting European banks to year-long "stress tests" of their balance sheets, the European Central Bank is now planning a deeper examination.

Banking tricks blunt China's lending drive

2014-11-28 14:59

China hopes the interest rate cut will increase lending into the economy to shore up flagging growth.

Are we too married to our banks?

2014-11-26 07:25

Banks' belief that trapped customers will never go away is no longer sustainable, says Solly Moeng.


Bank of England wants better cyber defences

2015-01-23 15:30

Britain's banks must do more to protect themselves and the wider financial system from growing and evolving cyber crime, says the Bank of England.

Zim re-starts interbank market

2015-01-23 06:00

Commercial banks in Zimbabwe that have battled tight liquidity challenges could get some respite from the reintroduction of an interbank market, says the central bank.

UK consumers need help switching cash accounts

2015-01-20 17:30

Britons get poor value from many cash savings accounts, finding it hard to switch to rival providers, the Financial Conduct Authority says.

Danish central bank lowers deposit rate

2015-01-19 20:30

Denmark's central bank has lowered its lending and deposit rate, in a surprise move taken in the wake of the Swiss decision unhinge its currency from the euro.

Swiss bank president defends shock move

2015-01-18 20:30

Reaction to the Swiss National Bank's scrapping of its cap on the value of the Swiss franc has been overdone, says its president.

Swiss Bank scraps cap against euro

2015-01-15 16:30

The Swiss National Bank has unexpectedly scrapped its cap on the franc, sending the safe-haven currency crashing through the 1.20 per euro limit.

No hurdles to ECB bond-buying - EU court

2015-01-14 19:45

A European Central Bank bond-buying plan floated in 2012 would not break EU law subject to certain conditions, says the adviser at the EU's highest court.

UK banking, other bodies to talk on merger

2015-01-14 08:15

A consultation will be held which will propose folding the British Bankers' Association, marred by rate rigging scandal, into a new retail banking association.

Vassi Naidoo prospective new Nedbank chair

2015-01-13 15:15

The Old Mutual and Nedbank boards have announced that Vassi Naidoo will join the board as a non-executive director.

Nordic countries spearhead cashless societies

2015-01-09 16:34

Nordic countries are leading a shift by rich nations towards cashless societies.

N American oil, gas spend might drop sharply

2015-01-09 14:42

Oil and gas companies could cut spending on exploration and production in North America by 30% or more this year.

Charter Savings to become new UK bank

2015-01-07 19:25

British startup lender Charter Savings Bank has been cleared to start taking deposits as authorities try to encourage the formation of new banks.

Lloyds hopes for waiver from board demand

2015-01-07 08:11

Lloyds wants Britain's financial regulator to grant it a waiver from new rules requiring banks to have separate boards of directors.

China's Tencent launches private online bank

2015-01-05 12:53

Chinese Internet giant Tencent, operator of the messaging app WeChat, has launched an online bank, according to a state-backed newspaper.

Japan's banks face stress test for low rates

2014-12-30 11:00

Japan's financial regulator has reportedly begun stress tests to see how regional banks' earnings will suffer if long-term interest rates remain near record lows.

New Zim coins now in circulation

2014-12-18 10:23

Zimbabwean banks have already started circulating the Reserve Bank of Zimbabwe’s imported bond coins, expected to ease the country's small change problem.

UK warns of tougher bank stress tests ahead

2014-12-16 16:14

The Bank of England has warned Britain's banks they should expect a more exacting test next year of their defences in the event of a crisis abroad.

Greek central bank chief warns of risk

2014-12-16 10:11

Greece's economy faces the risk of "irreparable" damage as the political crisis of recent days takes increasingly serious proportions.

Hostage crisis forces Sydney bank closures

2014-12-15 07:22

Banks have closed their Sydney CBD branches as police have surrounded a cafe in Martin Place, home to the Reserve Bank of Australia, where hostages are being held.

Land Bank appoints chair, CEO

2014-12-11 18:13

Mabotha Arthur Moloto has been appointed chair of the Land Bank board and Tshokolo Petrus Nchocho CEO, says the National Treasury.

Investment banks lag rivals on profitability

2014-12-08 07:00

Investment banks have been less profitable, more volatile and had consistently higher costs than commercial banks, according to a study.

Bank of England keeps rates on hold

2014-12-04 15:31

The Bank of England has kept interest rates at a record low as policymakers gave more weight to the risks from low inflation.

New Somali bank hopes to attract foreign funds

2014-12-01 08:58

Somalia's breakaway enclave of Somaliland has formally opened its first commercial bank as part of its effort to attract foreign lenders.

Nedbank to merge two banking units

2014-11-26 11:01

Nedbank will merge its corporate and investment banking units, bringing wholesale operations under one management team.

Europe's biggest bank names new boss

2014-11-25 19:15

Spain's Santander has named Jose Antonio Alvarez its new chief executive in a reshuffle after longtime chairperson Emilio Botin died.

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