Getting Africa banked

2016-08-25 12:28

African fintech company Zoona recently secured $15m in a second round of financing since launching in Zambia in 2009. CEO Mike Quinn discusses the business and future plans.

China imposes caps on lending to curb banking risk

2016-08-24 11:30

China has imposed limits on lending by peer-to-peer platforms to individuals and companies in an effort to curb risks in the loosely-regulated shadow-banking sector.

Sarb fines 5 SA banks a whopping R30m

2016-08-05 17:40

The SA Reserve Bank has slammed fines to the tune of over R30m on five banks over weaknesses in their control measures relating to money laundering or terrorism.

From R400 taxi ride to UJ to SA's Rising Star

2016-08-02 13:27

Brian Mahlangu was told he couldn't do his honours in strategic management, but he defied the odds and recently clinched Standard Bank's Rising Star award.

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.


New law caps commercial bank lending rates in Kenya

2016-08-24 16:30

Kenya's President Uhuru Kenyatta has signed into law a bill capping commercial bank lending rates.

R30m fine: Sarb nails 5 banks after money-laundering probe

2016-08-08 15:39

The sanctions imposed on banks over weaknesses in their controls to combat money laundering and terrorist financing show the country's banking system can't be abused, says Sarb.

European banks back away from targets amid Brexit squeeze

2016-08-05 16:15

European banks have pushed back profitability targets so many times, the dates are now more placeholders than deadlines.

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.

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