UK insurance mis-selling complaints drop

2015-01-27 11:32

The number of complaints received by Britain's Financial Ombudsman about the mis-selling of loan insurance by banks has fallen.

Ex-RP Martin execs fined, banned in Libor probe

2015-01-22 15:55

Britain's financial regulator has fined and banned the former official and compliance chief of RP Martin for the alleged manipulation of Libor rates.

Swiss banks not moved by exchange worries

2015-01-09 13:33

Swiss banks are more satisfied with their performance than a year ago despite worries on the effect the evaporating banking secrecy may have on them.

StanChart to axe 4 000 retail bank jobs

2015-01-08 09:40

Standard Chartered is set to slash around 4 000 jobs worldwide at its retail banking division, in a push to cut costs.

Mounting bad loans hamper Zim banks

2014-12-29 11:17

Credit risk continues to be the biggest drawback for Zimbabwean banks as non performing loans reached 20.45% for the nine months to September.

Austria sues a German state bank

2014-12-22 13:15

A long-running legal tussle between Austria and Bavaria has taken a new twist as Vienna sues the region's state bank.

Ex-Vatican bank chief quits Intesa roles

2014-12-11 13:23

The former president of the Vatican bank, Angelo Caloia, has resigned from the positions he held at the Italian bank Intesa Sanpaolo, says Intesa group.

FNB ordered to un-Steve

2014-12-07 11:43

The Advertising Standards Authority has ordered First National Bank to withdraw its 'Steve' advertisements as it is harmful to children.

FNB's Steve ad under fire

2014-11-30 11:54

The advertising watchdog has reportedly received complaints over FNB's 'Steve' ads, which states it insinuates that everyone with the name Steve is stupid.

BoE gets tough on capital rules

2014-11-24 18:47

Financial firms which settle trillions of dollars of derivative contracts a day may need more capital to stop them requiring a government bailout if they fail.

UK accepts defeat in bank bonus limit bid

2014-11-21 11:44

Britain has suffered an embarrassing defeat in its attempt to block the European Union's new limits on bank bonuses.

Britons petition banks on forex fees

2014-11-20 12:39

Over 13 000 Britons have signed an online petition calling for regulators to force banks to reveal how much they make on everyday foreign currency transactions.

Banks pay up and carry on after currency fines

2014-11-13 10:40

Far from chastening the world's biggest currency trading firms, the multi-billion dollar fines levied by regulators are more likely to draw a line.

BoE finds no wrong-doing in FX probe

2014-11-12 11:15

The Bank of England's investigation has found no evidence of any of its officials being involved in unlawful conduct relating to a foreign exchange trading scandal.

UK, US, Swiss close in on forex settlement

2014-11-12 09:31

UK and US regulators are poised to levy hefty fines on leading banks in a landmark settlement after a year-long global investigation into allegations of collusion.

StanChart boss faces investors amid hardship

2014-11-11 12:36

Standard Chartered's Peter Sands has his work cut out to convince investors he can turn around the bank after profit alerts, US troubles and a 30% share price drop.

SocGen profit leaps on risk costs cut

2014-11-06 11:35

French bank Societe Generale's third-quarter earnings have leapt 56.6%, beating expectations, in large part due to reduced risk costs.

Virgin Money revives plans for London listing

2014-11-04 16:55

Richard Branson's Virgin Money bank has revived plans to list on the London stock exchange, one month after halting the move owing to market turbulence.

RBS to reveal funds to settle forex probes

2014-10-30 16:50

Royal Bank of Scotland will announce how much it has set aside to cover potential fines for manipulating currency markets when it reports third-quarter results.

Big states duck rival bank's launch

2014-10-24 14:45

Australia, Indonesia and South Korea have skipped the launch of a China-backed Asian infrastructure bank.

EU bonus cap a knock for banks - HSBC

2014-10-21 18:15

European rules to cap bankers' bonuses at twice fixed pay are "a retrograde step" that could add to difficulty in recruiting staff to the industry, says HSBC.

Eurozone banks unable to support growth - IMF

2014-10-08 16:08

Eurozone banks remain undercapitalised and unfit to lend at levels needed to restore sustainable growth in the currency area, says the International Monetary Fund.

German firms now pay banks to park funds

2014-10-06 14:49

The lowering of interest rates from 0.15% to a super low 0.05% now means German companies have to pay an interest of 0.2% to keep money in current accounts.

Barclays tops UK banking complaints league

2014-09-26 07:14

Barclays has received the most complaints among Britain's banks in the first half of this year, though complaints overall in the sector fell 5%.


Italy eyes 'bad bank' to clean up risky loans

2015-01-26 11:00

Italy is considering setting up a state-backed 'bad bank' to help clean up its banking sector, Economy Minister Pier Carlo Padoan says.

Chinese banks pile up risk through loans

2015-01-22 12:00

Chinese banks have been scrambling to meet capital adequacy rules in order to meet lending requirements, which require more funds for provisions.

Zimbabwe banking industry fragile

2015-01-09 07:30

Zimbabwe’s banking sector has been hit by bad omens after Allied Bank folded and the SA CEO of Steward Bank said he would not be renewing his contract.

BoE keeps rates steady at 0.5%

2015-01-08 19:17

The Bank of England has kept interest rates unchanged at 0.5% after its first meeting, as tumbling oil prices have pushed inflation to a 12-year low.

British banks to protect ordinary clients

2015-01-06 14:30

Britain's major lenders have only a day before the deadline ends for submission of their plans to protect ordinary customers from the banks' risky activities.

Nampak rebrands, lists Zim units

2014-12-24 09:15

JSE-listed and Africa’s biggest packaging firm Nampak has rebranded its Zimbabwe based subsidiaries to Nampak Zimbabwe.

Swiss savers shrug off negative interest

2014-12-19 16:00

Denise Anderegg has been happy enough about the Swiss National Bank's decision to charge banks for deposits.

Aus regulators to crackdown on risky home loans

2014-12-09 12:46

Australian regulators have said they would take a tougher line on risky mortgage lending, to pre-empt the threat of a housing bubble.

Thai banks chase regional dreams

2014-12-02 09:15

Thailand's big banks are hitching a ride on the caravan of Thai firms departing for new growth centres as a retail lending chill drives them to look outward.

UK banks' culture will take generation to fix

2014-11-26 09:45

Bad behaviour that has cost British banks £38.5bn in fines and compensation over the past 15 years will take a generation to fix, an independent think tank says.

French, UK banks push EU to revise reform plans

2014-11-24 13:39

French and British banks are urging the European Commission to reconsider plans to isolate high-risk trading activities at big banks.

RBS gets $88m fine for financial crash

2014-11-20 16:09

The Royal Bank of Scotland has been fined £56m by regulators for a system crash in 2012 that left millions of customers unable to make or receive payments.

Banks chase trading cheats with surveillance

2014-11-19 09:29

Stung by billion-dollar fines for malpractice on their trading floors, the world's big banks are using 'fuzzy logic' tools such as behavioural analytics.

UK rates likely to stay at record lows

2014-11-12 11:29

Governor Mark Carney is expected to announce interest rates will stay low until the middle of 2015 when he gives the Bank of England’s latest economic forecast.

Viv Govender: Trevor Manuel should not have joined Rothschild

2014-11-12 09:56

There are sure to be differing views about the reason behind Trevor Manuel’s appointment as a global advisor at the international Rothschild Group.

Moody's downgrades big five SA banks

2014-11-11 15:00

Moody's has downgraded the long-term deposit and senior debt ratings of the five largest South African banks and also looked at the IDC and Development Bank.

EU bank to loan Britain's power grid £1.5bn

2014-11-07 16:03

The European Union's bank will loan Britain's National Grid £1.5bn, its biggest ever single loan, the bank says.

Ellerine owes creditors R1.3bn

2014-11-05 18:58

The former furniture unit of failed lender African Bank Investments says it owes creditors R1.3bn, nearly half of that to the four major banks.

HSBC takes $378m hit for forex scandal

2014-11-03 12:00

HSBC bank has taken a $378m charge linked to allegations of foreign exchange market rigging, and posted mixed earnings for the third quarter.

Europe's banks face moment of truth

2014-10-23 12:30

Eurozone's biggest banks will receive the European Central Bank's final verdict on their finances, after doubts on the health of the region's banking sector.

Spain credit card scandal causes outcry

2014-10-21 15:25

Credit card splurges by bank officials have sparked fury among Spaniards, amid a probe into whether cards held by executives have been abused for personal use.

BNP calls on other banks for help

2014-10-07 10:30

BNP Paribas has asked at least three banks to help it clear certain energy transactions in US dollars to ensure it can keep its energy trade division operating.

Banks must serve people - Nzimande

2014-10-05 21:05

Banks and the financial sector should serve the people and let go of "exploitative" behaviour, says SA Communist Party secretary general Blade Nzimande.

Fighting bank crime needs joint effort - Sabric

2014-09-19 18:38

The SA Banking Risk Information Centre says it will work with banks, cash-in-transit companies and the police to bring down crime in the banking sector.

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