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.

British banks on red alert for hackers

2014-11-19 19:16

In the next few months hackers will try to penetrate the cyber defences of Britain's major banks and steal information about millions of customers.

Still much to do on UK banking reforms

2014-11-17 10:15

An international settlement over allegations of manipulation in the foreign exchange market shows reform of Britain's banking system is still badly needed.

Bundesbank chief warns about state bond buys

2014-11-13 09:15

The ECB would encourage eurozone states to pile up debt if it were to buy state bonds, warns the president of Germany's central bank.

Bank of England fires chief FX dealer

2014-11-12 10:03

The Bank of England has fired its chief foreign exchange dealer after it found information about serious misconduct.

JPMorgan takes on what some banks fear

2014-11-09 19:30

When JPMorgan Chase & Co agreed to lead a $700m bond offering for Russian gas producer Gazprom, it was doing business that some US banks are afraid to do.

Draghi wants ECB balance sheet near 2012 level

2014-11-06 15:49

The European Central Bank aims to increase the size of its balance sheet towards the levels of 2012, says ECB President Mario Draghi.

Italy wants swift end to bank problems

2014-11-03 13:26

Banca Monte dei Paschi di Siena and Carige are working on a solution to the problems laid bare by European Central Bank stress tests.

Pay devices cause duplicate card transactions

2014-10-21 12:28

Certain merchant pay point devices have caused duplicate card transactions to occur on the accounts of a number of consumers.

Credibility meets compromise in EU bank stress

2014-10-20 10:19

When Europe announced a health check of top banks it promised an assessment of how well prepared they were to withstand another financial crisis.

Goldman Sachs profits jump on robust mergers

2014-10-16 16:15

US investment bank Goldman Sachs has announced a big increase in quarterly earnings thanks to robust merger advising activity and higher trading revenues.

Banks battle to stem cyber crime

2014-10-14 19:44

Banks are fighting an uphill battle to protect themselves and their client accounts from cyber attacks and social media isn't making the fight any easier.

Investment funds to come under new focus

2014-10-13 14:00

Investment funds will come under more focus from global financial regulators, says the head of a worldwide push to prevent a repeat of the financial crisis.

US and UK to test big bank collapse

2014-10-12 16:00

Regulators from the US and the UK will get together in a war room to see if they can cope with any possible fall-out when the next big bank topples over.

Ukraine, Russia central bankers shake hands

2014-10-12 12:15

Female central bankers from Ukraine and its bitter rival Russia took the stage together in Washington and described differing fallout in eastern Ukraine.

European bank mergers still face hurdles

2014-10-12 10:02

Health checks on Europe's banks may reveal takeover targets, but any post-"stress test" tie-ups are likely to be along national lines.

State bank aims to bolster township economy

2014-10-08 05:00

The Gauteng government will push ahead with plans to launch a state bank to assist township entrepreneurs get access to funding, says premier David Makhura.

Nene: Banking sector downgrade unlikely

2014-10-07 07:00

The government is of the view that a further downgrade to the banking sector is highly unlikely, says Finance Minister Nhlanhla Nene.

Growth back on the agenda for UK firms

2014-10-06 09:22

Growth is back on the agenda for Britain's financial services companies, which have been posting rising profits and adding staff in recent months.

IMF warns on growth of shadow banking

2014-10-01 20:30

Lightly regulated "shadow banking" has grown to huge proportions in the global financial system and increasingly poses a risk to stability, says the IMF.

Trevor Manuel joins Rothschild

2014-09-30 11:08

Former finance minister Trevor Manuel has been appointed senior adviser to the Rothschild Group, according to the financial advisory services company.

African Bank and credit cards

2014-09-29 14:33

A few Fin24 users wrote with queries about how the African Bank curatorship is impacting the credit cards they have with the bank.

Swiss bank UBS starts FX settlement talks

2014-09-29 12:30

Switzerland's UBS has begun settlement talks over allegations it had been involved in manipulating foreign exchange rates, says the bank.

Latest on restructuring of African Bank

2014-09-26 17:57

The curator of African Bank has provided an update on the restructuring of the bank and the impact on the various stakeholders.


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.

SA may lose Africa banking crown to Mauritius

2014-11-24 12:36

Lack of political will may hand the mantle of Africa's global financial services centre from Cape Town to another destination such as Mauritius, says an expert.

BoE's Carney may want to regulate bankers' pay

2014-11-17 10:35

Regulators may need to look at new rules to control the fixed pay of bankers as well as their bonuses, says the governor of the Bank of England.

Bankers and regulators could be grilled

2014-11-14 15:45

British bank executives and regulators could be in line for public grillings following a landmark international settlement.

Hefty fines for five major banks

2014-11-12 10:27

Global regulators have imposed penalties on major banks, including a landmark settlement over allegations of price fixing in the foreign exchange market.

JPMorgan cutting 3 000 more retail banking jobs

2014-11-09 20:30

JPMorgan Chase will cut 3 000 more jobs than previously planned this year in its retail banking businesses, bringing the total to 11 000, says a senior executive.

Chinese, Canadian banks to do currency swap

2014-11-09 11:28

The central banks of China and Canada have agreed to a currency swap worth $32.67bn, according to a Canadian government statement.

Ex-UBS exec found not guilty on tax cheating

2014-11-04 10:05

A former top banker, who headed global wealth management at UBS AG, was found not guilty in the US of conspiracy to defraud the Internal Revenue Service.

Bank of Cyprus sells UK loan portfolio

2014-11-03 13:20

The troubled Bank of Cyprus, the largest lender on the recession-hit island, has sold its UK loan portfolio as part of its restructuring.

ECB looking at corporate bond buys - sources

2014-10-21 11:45

The European Central Bank is considering buying corporate bonds on the secondary market and may decide on the matter as soon as December, sources say.

BoE defends banker accountability law

2014-10-17 08:43

Britain's banks are over-reacting to rules aimed at making senior officials accountable for breaches which happen on their watch, says a top regulator.

Foreign banks bow down to Zim empowerment

2014-10-16 08:55

Indigenisation Minister Francis Nhema says all foreign banks operating in Zimbabwe, with one exception, have complied with the country’s indigenisation laws.

Now you can tweet money transfers too

2014-10-14 18:43

One of France's largest banks has launched a service to allow its customers to transfer money to other people via tweets on social network Twitter.

European bank mergers still face hurdles

2014-10-13 11:30

Health checks on Europe's banks may reveal takeover targets, but any post-"stress test" tie-ups are likely to be along national lines.

China's central bank sees low risk of hard landing

2014-10-12 13:45

The chance of a hard landing for China's economy is small despite worries about the real-estate sector, says the chief economist of the People's Bank of China.

UK ring-fences a hurdle for bank directors

2014-10-12 10:50

Britain's major lenders may find it hard to hire dozens of directors that are required as part of a radical reshape of the industry.

Foreign banks in Myanmar will bide time

2014-10-08 09:50

Myanmar has thrown open the door to foreign banks, but weak credit protection and tight restrictions on lending mean it's not a warm welcome, at least not yet.

Top African Bank official to retire

2014-10-07 10:00

The board of African Bank Investments has announced the retirement of a member of the group's top management.

Loyal depositors shoulder Turkey's Bank Asya

2014-10-06 12:00

Selling everything from their sofas to their wedding rings, Bank Asya clients are battling to shore up the Turkish lender.

Big bonus for World Bank chief sparks protest

2014-10-02 10:15

A $94 000 bonus for the World Bank's finance chief, disclosed in an internal blog, is drawing criticism from staff who are questioning it, amid budget cuts.

UK to review banking portability service

2014-09-30 12:30

Britain is reviewing whether bank customers should be allowed to switch lenders using their existing account number in a bid to boost competition.

Bank derivatives boom ahead of ECB results

2014-09-29 16:45

Investors, not entirely confident that next month's European Bank check will yield positive results, are stacking up derivatives positions.

Be warned of yet another banking scam - body

2014-09-29 12:45

People are being defrauded by being told that their suppliers have changed banking details, warns the SA Banking Risk Information Centre.

Capitec shows higher earnings, gains clients

2014-09-29 09:59

Capitec Bank's first-half earnings have risen after the mass-market lender attracted more customers and booked higher transaction income.

EU banking watchdog to clamp down on banks

2014-09-26 10:30

The European Union's banking regulator is planning to clamp down next month on banks whose pay policies are designed to sidestep the EU's incoming bonus cap.

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