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.

Ministers did meet with banks over Guptas, concedes Oliphant

2016-05-10 21:30

Labour Minister Mildred Oliphant has conceded that a meeting between cabinet ministers and South Africa’s four banks did take place.

Capitec trailblazing its way to the top

2016-04-29 07:30

Capitec Bank is poised to become one of the country's largest banks in terms of customer numbers, according to rating agency Standard and Poor's.

Barclays Africa to trial bank chatbot

2016-04-27 16:46

Absa Bank has announced that it will pilot a chatbot within the coming few weeks, claiming it is the first bank to do so in Africa.

Goldman Sachs launches online bank for the masses

2016-04-25 18:54

Goldman Sachs has officially launched an online bank aimed at households and small businesses as it expands from its Wall Street base and aims for the masses.

The bank that beats the odds

2016-04-15 06:00

It takes a lot for a small player to make it big in an industry dominated by a few giants. finweek looks at how Capitec became one of SA’s big five banks.

African Bank must pay for 'mess' - BEE partner

2016-04-08 09:13

African Bank's former directors must be held accountable for the "mess" they created, according to the chair of Hlumisa Investments, one of the bank's BEE partners.

Nigeria's Access Bank seeks approval for $500m debt sale

2016-04-04 17:40

Nigeria's Access Bank plans to seek shareholder approval to raise up to 100bn naira in debt capital via a public offering or a private placement.

African Bank makes a comeback

2016-04-04 11:36

A new version of African Bank has been launched and will start doing business with an equity base of R10bn and a cash position of about R24bn.

Further progress in African Bank restructuring

2016-03-24 12:36

The curator of African Bank has announced that certain further suspensive conditions of its restructuring have now been fulfilled.


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.

FBI suspects insiders in $81m Bangladesh central bank theft

2016-05-10 18:51

The US Federal Bureau of Investigation suspects the computer hacking theft of $81m from Bangladesh's central bank was in part an inside job, the Wall Street Journal reports.

Suleman joins Al Baraka board

2016-04-27 18:00

Recently retired chair of KPMG SA, Yunus Suleman, has joined the board of Durban-based Al Baraka Bank.

Bob Diamond confirms rumours: He wants Barclays Africa

2016-04-27 07:00

Bob Diamond has ended months of speculation that after a four-year enforced break, he wants back into his old African business.

Pakistan's largest bank opens branch in China

2016-04-18 15:45

Habib Bank Limited has received a licence to open a branch in China, a move that would make it the first South Asian lender to operate in the world's number two economy.

Seven ways to guard your assets against cyber-criminals

2016-04-12 10:30

As more individuals opt to do online banking, Trevor Damon, head of fraud strategy: WIMI at Barclays Africa Group, shares seven ways you can protect your accounts and money.

Capitec is SA's favourite bank - poll

2016-04-06 16:11

Capitec Bank has been ranked the best bank in South Africa for the fourth year running by the SA Customer Satisfaction Index.

Public still in dark on reasons for African Bank's demise

2016-04-04 17:04

Some 16 months after the collapse of African Bank, the verdict is still out on whether fraud, misconduct and/or lack of disclosure led to the lender’s demise.

Standard Bank Zim unit profitable amid indigenisation threat

2016-04-01 11:40

Standard Bank's Zimbabwe-based unit Stanbic Bank has reported 15% profit growth as the government reportedly said it will prosecute directors for non-compliance.

Development in SA need not mean loss making

2016-03-22 19:37

South Africa needs to move away from the idea that development and development funding mean loss making, says a Treasury official.

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