Banks see talent flee amid healthcare M&A boom

2015-04-15 21:00

Many top bankers have left their jobs at major investment banks amid a surge in US healthcare deal activity to seek better compensation at investment banks.

BoE, stung by scandals, flags market concerns

2015-03-27 21:00

The Bank of England has warned about possible frequent irregularities in financial markets in an attempt to address problems relating to recent scandals.

Banker accountability rules sound - HSBC chair

2015-03-25 15:30

New rules being rolled out to make bankers more accountable are "entirely reasonable" given the pain Britain suffered in the financial crisis, HSBC chairperson Douglas Flint says.

Apicorp secures $950m Islamic loan

2015-03-23 15:45

The Arab Petroleum Investments Corporation says it has secured a $950m Islamic sharia-compliant loan from regional banks.

Japan, Aus signal approval of China-based AIIB

2015-03-20 19:39

Japan has signalled cautious approval of the China-led Asian Infrastructure Investment Bank, if conditions were met, and could join despite US's warning.

Andorra acts to contain money-laundering scandal

2015-03-17 18:15

Managers at Andorra's Banca Privada d'Andorra have capped cash withdrawals in an attempt to contain the damage from US allegations of money laundering.

Credit Suisse poaches Prudential boss

2015-03-11 11:38

Credit Suisse has poached Prudential boss Tidjane Thiam to replace chief executive Brady Dougan so that it can push into wealth management of Asian multi-millionaires.

Standard Bank earmarks billions for Africa growth

2015-03-05 16:45

Standard Bank will spend the bulk of the sale proceeds of its global markets unit to fund its SA business and to invest in fast-growing areas in Africa.

Judgment reserved in Shuttleworth case

2015-03-03 21:15

The Constitutional Court has reserved judgment in the Reserve Bank application for leave to appeal a Supreme Court of Appeal judgment in favour of billionaire Mark Shuttleworth.

Court hears who had to make Shuttleworth call

2015-03-03 12:53

The decision whether to reverse an exit charge on Mark Shuttleworth's capital transfer out of SA should not have rested with the Reserve Bank, the Constitutional Court has heard.


Court rules in favour of bank on credit card suit

2015-04-08 13:51

An Australian court has ruled in favour of one bank in a long-running case over credit card fees, but class action lawyers hoping to reclaim millions vowed to fight on.

SA banks return solid results - PwC

2015-03-27 05:45

South Africa's major banks have showed resilience by posting solid financial results in a difficult and volatile economic climate, says PwC.

Bank of Scotland chair defends role as regulator

2015-03-24 12:04

Royal Bank of Scotland chair Howard Davies has defended his role in setting up the financial regulator that presided over the near meltdown of UK's banking system.

Portugal's investors feel cost of bank collapse

2015-03-23 11:00

The collapse of one of Portugal's biggest banks has left 5 000 small investors unprotected by European rules with at least €500m of investments high and dry.

UK bans first trader over Libor rigging

2015-03-18 17:15

A former trader at Dutch lender Rabobank has become the first to be banned from Britain's financial services industry for Libor interest rate rigging.

Germany and Italy to join China-backed bank

2015-03-17 17:45

Germany and Italy have agreed to follow UK's lead to join an Asian international development bank, a blow to US efforts to keep Western nations out of the new constitution.

African Bank heading for JSE again

2015-03-10 14:10

African Bank, which is under curatorship after racking up huge amounts of bad debt, will list the healthy portion of its loan book in early 2016.

Royal Bank of Scotland to cut 14 000 jobs

2015-03-04 14:25

Britain's state-rescued Royal Bank of Scotland will axe up to 14 000 jobs by 2019 in a retreat from investment banking, the Financial Times reports.

Sarb responsible for Shuttleworth payment - minister

2015-03-03 18:00

The Sarb was responsible for repaying the exit levy imposed on billionaire Mark Shuttleworth when he took his capital out of SA, the Constitutional Court has heard.

Barclays Africa applies for Nigerian licence

2015-03-03 08:57

Barclays Africa has applied for a licence to operate in Nigeria and says it is keen to take over operations in Egypt and Zimbabwe that still belong to its parent firm.

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