US stance against China-led bank 'idiotic'

2015-03-26 13:00

Washington's opposition to a new China-led development bank is "embarrassing" and "idiotic", as an increasing number of US allies embrace the institution.

Australia ready to join China-led bank

2015-03-25 09:45

Australia is 'well and truly' disposed to join the China-led Asian Infrastructure Investment Bank, says Prime Minister Tony Abbott.

Capitec earnings up on client growth

2015-03-24 09:27

Unsecured lender Capitec Bank Holdings has reported a 27% increase in full-year earnings as growth in active customers boosted transaction fee income.

Africa trade finance needs innovation, tech focus

2015-03-16 07:00

The finance trade in Africa often overlooks what would be needed to catalyse change and deliver on the continent's potential, says an expert.

Zim union petitions parliament over bank collapses

2015-03-11 13:36

With $3m in workers' salaries trapped in closed banks, a Zimbabwean union says the central bank is directly responsible for the country's rash of bank collapses.

European banks need big cost cuts

2015-03-09 12:09

Europe's banks need to cut costs and simultaneously grow revenues by 15% just to get their profitability to match their cost of capital, a study shows.

US banks pass capital hurdle in Fed stress test

2015-03-06 10:23

US banks have passed a minimum hurdle for top-tier capital in an annual health check by the Federal Reserve, says the central bank.

African Bank collects up to R2.4bn a month

2015-03-03 10:51

African Bank continues to operate in a stable manner with total monthly collections of up to R2.475bn between August 2014 and January 2015.

Customers slightly happier with SA banks - index

2015-03-02 14:03

SA banks have achieved slightly higher customer satisfaction scores in an index, with Capitec and FNB tops in perceived quality and exceeding expectations.

Top European banks in FX probe - sources

2015-03-01 18:15

The New York state financial regulator has subpoenaed three major European banks and a US peer in a probe of foreign-exchange rigging, sources say.


Atlas Mara seeks to expand Africa growth

2015-03-26 08:43

Financial services group Atlas Mara is eyeing more acquisition opportunities in Africa as it seeks to improve its footing on the continent through organic growth.

Old Mutual's Zim unit bucks negative trend

2015-03-24 18:50

Old Mutual's Zimbabwean banking unit CABS has recorded strong growth in both income and profitability for its full year to end-December 2014.

App enables cardless cash withdrawals

2015-03-17 12:18

Forgot your ATM card at home? There’s now an app for that, at least for one South African bank’s customers.

Rise of Turkish Islamic banks chimes with Erdogan

2015-03-15 16:30

At least 8% of Turkish adults do not have a bank account, according to a 2014 World Bank report, because of the prohibition in Islam against paying interest.

FirstRand posts 13% earnings growth

2015-03-10 09:21

Banking group FirstRand has reported a 13% rise in first-half earnings, underpinned by growth in advances and deposits.

Atlas Mara targets Africans ignored by others

2015-03-06 10:52

Atlas Mara, the newest entrant to the African banking market, plans to target low-income earners in addition to multinationals and middle-class consumers.

FirstRand appoints new chief executive

2015-03-06 10:02

FirstRand has announced who will take over as its chief executive from Sizwe Nxasana, who is retiring after nine years at the helm of the group.

UK govt resists widening banker bonus curbs

2015-03-02 15:18

Rules to prevent bonuses from encouraging excessive risk taking at banks should not be extended to junior staff, says a British government minister.

One in 10 bankers scraps bids for top UK jobs

2015-03-02 07:00

More than one in 10 people picked for the top jobs in British finance pull out during a regulatory vetting process which has got tougher since the financial crisis.

Banking body welcomes new authorities

2015-02-26 15:54

Banking Association South Africa welcomes Nene's confirmation about new regulatory authorities for market conduct and prudential regulation.

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