UK govt sells green bank in £2.3bn deal

2017-04-20 16:38

The UK Green Investment Bank is to be sold to Australian financial services firm Macquarie Group in a £2.3bn deal, says the government.

FULL STATEMENT: S&P downgrades SA banks

2017-04-06 09:46

Rating agency Standard & Poor’s has downgraded South Africa’s banks to non-investment grade, to fall in line with its rating of the country. Here is its full statement.

Capitec earnings rise on record client growth

2017-03-28 15:43

Capitec Bank achieved a record growth of 1.3 million new clients for its financial year to February 2017, and reported 18% growth in headline earnings to R3.8bn.

Banks on offensive to parry political attacks

2017-03-14 10:01

South Africa’s banks are going on the offensive after being criticised by some politicians over their lending practices and records in addressing racial inequality.

Banks line up to do business in Africa's fastest-growing economy

2017-03-08 09:59

Lenders are lining up to set up businesses in Ethiopia, one of Africa’s fastest-growing and most under-banked economies.

Oakbay rubbishes report of Gupta bank account closure

2017-03-02 17:08

Oakbay has denied reports that Bank of Baroda has closed its accounts.

Barclays Zim prepared for divorce from Barclays Bank Plc

2017-02-28 12:13

Barclays Bank Zimbabwe says it has already prepared for life without Barclays Bank Plc when the divesture eventually happens.

Newly formed Arise makes two African banking investments

2017-02-14 17:35

Newly formed investment company Arise has recently made two investments into Africa's banking sector, one in Ghana and one in Uganda.

Is Capitec really the most primary-used bank in SA?

2017-02-04 10:01

A leading expert challenges a Nielson study suggesting that Capitec is the most-used primary bank in South Africa.

Gupta-linked VR Laser mum on bank account closures

2017-02-03 13:39

VR Laser's CEO has declined to comment on the Bank of China's decision to sever ties with the company.


Wells Fargo claws back another $75m after fake accounts scandal

2017-04-10 17:55

Wells Fargo has gained another $75m in pay from two former executives who played key roles in the bank's fake accounts scandal.

Malawian bank targets Barclays Bank Zimbabwe

2017-03-28 16:16

First Merchant Bank Malawi says it has approached Barclays Bank and is now in talks for the possible acquisition of a controlling shareholding in Barclays Bank of Zimbabwe.

Coovadia: Banking's white monopoly capital myth must be dispelled

2017-03-14 12:31

SA's banking industry has made much progress and any suggestion that it is the least transformed in the country is incorrect, says Banking Association of SA MD Cas Coovadia.

9 things we know will make you feel nostalgic

2017-03-09 13:00

See if you can recall having any of these experiences, or find yourself nodding and saying “so true" for today’s changes!

9 things we know will make you feel nostalgic

2017-03-07 14:53

See if you can recall having any of these experiences, or find yourself nodding and saying “so true" for today’s changes!

Bank of Baroda SA ‘closing’ Gupta accounts

2017-03-02 14:33

Bank of Baroda’s South African unit is said to have started closing accounts of companies controlled by the Gupta family.

Be alert for these 9 online scams

2017-02-20 10:33

Given the prevalence of banking scams, consumers need to be aware of online banking fraud to to protect themselves. Here are nine scams to be on the lookout for.

Turk gets 8 years in jail in $55m theft in ATM hacks

2017-02-13 11:27

A Turkish computer hacker who helped steal $55m from ATM machines in dozens of countries using data from credit card issuers has been sentenced to eight years in prison.

The consumers have spoken, says Capitec on bank survey

2017-02-03 18:37

Capitec Bank says a study suggesting that it is the most-used primary bank points to story of brand acceptance.

Is the age of the access bond over?

2017-02-02 17:42

Investors and small business owners could get a nasty surprise when trying to access capital through their home loans, says an independent lender. Banks do not necessarily agree.

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