European banks' returns well below target

2014-04-17 14:46

Europe's largest banks are generating a poor return on their capital, well below their post-crisis targets.

Consumers get back R16m from banks

2014-04-16 15:34

The banking ombudsman has recovered about R16m from banks out of more than 1 900 complaints which were found in favour of the consumer.

Most bank complaints about ATMs - ombudsman

2014-04-16 12:39

More than a fifth of complaints to the banking ombudsman in the past year involved automated teller machines, according to its annual report.

Ombudsman fines top four banks R125m

2014-04-16 11:01

The Reserve Bank says it has fined the country's top four banks a total R125m over lax anti-money laundering controls.

Barclays to appoint new pay committee head

2014-04-15 09:56

Barclays, under fire from shareholders for raising bonuses despite a fall in profit, will appoint Crawford Gillies to its board, sources say.

UK's Barclays most complained-about bank

2014-04-09 14:55

Barclays Bank tops the list of the most complained-about British banks, although the number of grievances against financial services companies has fallen.

New UK online bank to be launched

2014-04-09 14:06

The founder of British banking newcomer Metro Bank plans to launch an online lender, hoping to challenge established rivals.

Diamond poaches Barclays exec for Africa bank

2014-04-08 15:39

Ex-Barclays boss Bob Diamond has poached a former colleague from the bank to head a venture he wants to build into the leading bank in sub-Saharan Africa.

Pope rules Vatican bank to stay operative

2014-04-07 11:54

Pope Francis has decided that the troubled Vatican bank will remain operative and has approved recommendations for its future, the Vatican says.

Russian bank warns of high inflation

2014-04-02 13:45

Russia's central bank says economic growth would "most probably" fall below 1% in 2014 and is also concerned about inflation.

Barclays enters into deal with Chinese bank

2014-03-30 16:55

Barclays Group and China Development Bank Corporation have signed a Memorandum of Understanding on strategic cooperation in respect of business activities.

UK regulator warns more Libor traders

2014-03-27 13:52

Britain's financial regulator has issued a warning notice to another two traders for "significant failings" over a period of around two years.

UK to exit Lloyds after $7bn share sale

2014-03-27 09:29

UK government has sold £4.2bn worth of shares in Lloyds Banking Group to cut its stake in the country's largest retail bank to under 25%.

Disgraced UK ex-bank chief admits he 'sinned'

2014-03-26 12:18

A disgraced British bank chief who quit amid drug allegations has admitted that he had "sinned", in his first interview since the scandal broke.

UK sells Lloyds stake for £4.2bn

2014-03-26 11:04

Investors have shown their dismay with Britain's sale of an extra stake in bailed-out Lloyds Banking Group.

Britain to sell more of Lloyds bank

2014-03-25 19:23

The British government revealed that it will seek to sell an extra stake in bailed-out Lloyds Banking Group, after offloading a chunk late last year.

New fee structure for retailers coming

2014-03-24 15:16

A new fee structure for transaction fees retailers pay their acquiring banks is apparently on its way.

Dutch banks start again in tough market

2014-03-21 14:05

Dutch banks ABN Amro and ING, once the pride of Amsterdam's international financial hub, are emerging from government bailouts.

Key facts about Europe's banking union

2014-03-20 18:12

Europe will complete a banking union with an agency to shut failing eurozone banks, but there will be no joint backstop for a fund to pay the costs of closures.

Deutsche Bank revising down after deal

2014-03-20 11:15

Deutsche Bank, Germany's largest lender, says it is revising down its 2013 earnings to reflect the recent settlement of a long-running legal dispute.

Barclays awards top managers £32m in shares

2014-03-19 11:37

Barclays has given its top dozen executives nearly £32m in share awards as it faced a wave of shareholder criticism over its decision to raise bonuses last year.

SA consumers more willing to switch banks

2014-03-18 16:03

SA consumers are more willing to switch banks if they are not satisfied with the products and services offered by their bank, according to a new index.

Rock stars of the banking world

2014-03-16 16:00

Once modest of pay and profile, risk experts are jumping up the ranks as regulators force financial institutions to clean up following a rate-rigging scandal.

Europe fails to curb bank reform divide

2014-03-13 12:15

Europe appears far away from making good its crisis pledge to tackle weak banks as lawmakers and country representatives failed.

China to run trial on private banks

2014-03-11 11:42

China will launch a trial programme for private firms to set up banks, with Internet giants Tencent and Alibaba reportedly among the first applicants.


Putin speeds up Crimea's switch to rouble

2014-04-17 12:26

Russian president Vladimir Putin says the country would speed up the process of switching Crimea's banking system to the rouble.

Fed tapering could hit SA banks hardest

2014-04-16 14:41

Banking systems in South Africa and Turkey are the most vulnerable to the impact of the US Federal Reserve's tapering program, reports Standard & Poor's.

State bank woes poison the mood in Austria

2014-04-16 11:56

State bank Hypo Alpe Adria has moved beyond being Austria's worst post-war financial debacle to become a lightning rod for grass-roots criticism of banks.

Surprised to find zero balance in account

2014-04-15 15:25

A Fin24 user was shocked to discover that his savings account had seemingly been closed and was showing a zero balance.

Europe's top banks to cut 80 000 more jobs

2014-04-13 14:53

Europe's largest banks cut their staff by another 3.5% last year and the prospect of a return to pre-crisis employment levels seems far off.

Saudi crown prince denounces banks - media

2014-04-09 14:48

The second-in-line to the Saudi Arabian throne has denounced banks in the kingdom for contributing 'too little compared to what they take', reports Saudi media.

Sanctions trump patriotism for Russian banks

2014-04-09 13:46

In the rush to serve clients keen to open rouble accounts, staff at the first Russian bank to open in Crimea have yet to find time to put up a proper sign.

Zim offers cellphone loans

2014-04-08 07:38

Telecoms firm Econet is now offering interest free loans to its subscribers.

Absa Bank to go into full digital mode

2014-04-03 17:22

Absa, wholly owned by Barclays Africa Group, is making the transition to a fully digital financial services provider.

Barclays ex-boss makes offer for Zim bank

2014-04-01 13:34

Former Barclays chief executive officer Robert Diamond proposes to acquire ABC Holdings Limited through his company Atlas Mara Co-Nvest.

Europe to loosen repackaging debt rules

2014-03-27 16:45

The European Union will loosen rules on selling securitised debt, the bloc's regulatory chief says.

Profits dip at Austrian banking giant RBI

2014-03-27 09:53

Austrian banking group Raiffeisen Bank International, which has a major presence in central and Eastern Europe, says net profit fell in 2013.

Rumour sparks bank run in Chinese city

2014-03-27 09:29

Panic in an isolated corner north of Shanghai struck a raw nerve and won national airplay, possibly reflecting public anxiety over China's financial system.

China banks show cash to stem panic

2014-03-26 11:46

Rural banks in China's eastern city have stacked piles of cash in plain view behind teller windows to calm depositors queuing at bank branches.

Ex-banker could head Swiss regulator

2014-03-26 10:02

The Swiss government could be set to appoint a British-born former banker as the first non-Swiss national to head its financial regulator.

Fresh raid on Deutsche Bank

2014-03-25 17:51

Prosecutors have again raided Deutsche Bank, Germany's largest bank, over allegations of false statements in a long-running compensation battle.

Halt foreign payments, urges Russian bank

2014-03-24 12:28

Russia's Bank Rossiya has asked its clients to refrain from making foreign currency payments to accounts at the bank due to US sanctions over Crimea.

Putin to protect bank from US sanctions

2014-03-21 13:54

President Vladimir Putin vows to protect Bank Rossiya, a Russian bank subjected to US sanctions over Moscow's annexation of Ukraine's Crimea region.

European deal to complete banking union

2014-03-20 11:57

European policymakers have agreed to complete a banking union with an agency to shut failing euro zone banks.

StanChart opens Islamic banking in Kenya

2014-03-19 12:45

Standard Chartered has launched Islamic banking services in Kenya and it will use Kenya as a testbed for expanding the brand across the continent.

Shut 'zombie' banks, warns EU watchdog

2014-03-18 17:16

Eurozone countries must prepare to shut their failing "zombie" banks and quickly pool the money to do it, the bloc's top regulator says.

RBS postpones annual meeting

2014-03-17 14:15

Royal Bank of Scotland has delayed its shareholders' meeting as it seeks to cancel a government-owned share that stops it from paying dividends, sources says.

Hackers attack Russian central bank

2014-03-14 09:56

Hackers brought down the Russian central bank's website before a meeting on interest rates, says the bank.

Row over Barclays' bonus bonanza

2014-03-11 20:36

Barclays CEO Antony Jenkins is facing a backlash from shareholders over his decision to raise staff bonuses despite a fall in profits.

French central bank confirms forecast

2014-03-10 12:59

The French economy is expected to grow by 0.2% in the first quarter, the country's central bank says, confirming a preliminary forecast issued a month ago.

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