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.

Morgan Stanley to pay $2.6bn in fines

2015-03-01 11:01

The financial company Morgan Stanley has agreed to pay $2.6bn to settle an investigation into its role in the 2008 financial crisis.

Major SA bank implicated in rigging probe

2015-02-24 20:15

The US justice department and the Commodity Futures Trading Commission are investigating at least 10 major banks for possible rigging of precious-metals markets.

Swiss scandal brings shame on bank - HSBC

2015-02-24 13:15

HSBC says allegations on its Swiss bank has helped customers dodge taxes and brought shame on the bank, the company posted a 17% fall in annual tax earnings.

Britain to get more tough on tax evasion

2015-02-22 15:26

Britain's government will consider introducing a law which would punish banks and accountants for helping people evade tax.

Bank of Kigali posts 21% rise in profit

2015-02-22 12:42

Rwanda's Bank of Kigali has reported a 21.3% rise in full-year pretax profit to $33.3m.

India central bank clamps down on 'lazy banking'

2015-02-20 11:07

The Reserve Bank of India is getting tougher on the country's banks in an attempt to ensure they push interest rate cuts through the financial system.

Swiss prosecutor opens inquiry on HSBC

2015-02-18 16:00

Geneva's public prosecutor has searched the premises of HSBC Holdings in Geneva and opened a criminal inquiry into allegations of aggravated money laundering.

Israel tax authorities to get leaked HSBC info

2015-02-13 17:00

Israel's tax authority is working to obtain the details of thousands of Israelis with accounts at the Swiss arm of HSBC, after the bank admitted failings.


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.

StanChart bank says CEO to step down

2015-02-26 13:30

Asia-focused British bank Standard Chartered's CEO will step down, following poor results, job cuts and fines for failing to detect possible money-laundering.

HSBC profits slump amid Swiss bank scandal

2015-02-24 15:00

Scandal-hit HSBC has reported a 17% slump in annual profit as it defended its chief executive's use of a Swiss bank account to save large bonuses.

UK raises £500m through sale of Lloyds shares

2015-02-23 14:00

Britain's finance ministry says it has raised £500m through the sale of a further 1% stake in Lloyds Banking Group, taking its stake to below 24%.

R10m fine: Deutsche Bank working with Sarb

2015-02-22 14:11

Deutsche Bank says it has fully co-operated with the SA Reserve Bank after a branch in Johannesburg was slammed with a R10m fine.

Hefty fines for Deutsche Bank, Capitec

2015-02-20 11:42

The SA Reserve Bank has slapped Germany's Deutsche Bank with a R10m fine for not having appropriate anti-money laundering measures.

Barclays to cut bonus pool to below £2bn

2015-02-19 17:30

Barclays is set to reduce its bonus pot for 2014 to less than £2bn, down at least 16% from its controversial payout in the previous year.

Banks to issue smart ID cards

2015-02-17 12:18

Major banks will soon be taking applications for new smart card IDs, according to Home Affairs Minister Malusi Gigaba.

Typing mistake gives worker half a million

2015-02-10 09:25

A Free State worker has refused to return more than R500 000 accidentally paid into his bank account, according to a report.

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