Greece limits short-selling ban to top banks

2015-10-01 10:00

Greece's stock market watchdog has said it was maintaining a short-selling ban on the shares of top banks ahead of an imminent recapitalisation process.

SA's big banks stand firm amid volatility

2015-09-15 12:57

SA’s major banks have remained resilient despite a challenging and volatile operating environment, according to research by PwC.

Swift growth for bank messaging system

2015-09-14 06:45

Growth in financial transactions messaging system SWIFT's traffic volumes in the Middle East and Africa has accelerated by double-digit percentages this year.

FirstRand tightens lending rules on bad-debt levels

2015-09-10 13:24

FirstRand says that it will tighten its lending criteria to guard against rising bad debt levels resulting from South Africa’s economic slowdown.

FNB to pump R400m in branch upgrade

2015-08-18 14:40

FNB says it will invest about R400m to upgrade existing and add new branches.

StanChart backs off Australian coal mining project

2015-08-13 17:24

Standard Chartered will not advise or help finance the multi-billion dollar Carmichael coal mine in Australia, marking the second big bank to walk away from the project.

FNB re-appointed as bank of Gauteng government

2015-08-04 12:38

Gauteng has re-appointed First National Bank as its banker for the next five years, a contract worth an estimated R20m a year, according to finance MEC Barbara Creecy.

JP Morgan opens dedicated office in South Africa

2015-07-20 12:15

JP Morgan Chase has rehired a trader from HSBC as the biggest US bank sets up prime brokerage operations in South Africa for the first time.

Size does matter: Brics has 17 trillion ways to rival US

2015-07-07 09:20

The combined economic output of Brazil, Russia, India, China and South Africa has caught up with the US, whose economy was double that of the Brics in 2007.

ECB to keep tight funding grip on Greek banks after 'No' - sources

2015-07-06 06:40

The European Central Bank is likely to maintain emergency funding for Greek banks at its current restricted level, a move that will see lenders run out of cash soon.


SA tops US, France on Swiss 'hidden' cash - report

2015-10-01 07:44

South Africa has ranked higher than several developed countries in an assessment of money 'hidden' in HSBC Swiss bank accounts, a report shows.

RainFin says lending model has Ferrari potential

2015-09-14 09:37

RainFin, a South African peer-to- peer lender part-owned by Barclays, has more than doubled loans in the past year by tapping the needs of small businesses.

Banking stock riddle baffles analysts

2015-09-11 10:01

It’s a banking riddle - investors are favouring the shares of the biggest lender to the nation’s poorest while a more risk-averse bank is having its worst year since 2008.

'Thousands' of political heavyweights hold Swiss accounts: official

2015-08-24 21:51

Thousands of so-called "politically exposed persons", or PEPs - a category that includes heads of state and other top officials - hold Swiss bank accounts, a Swiss foreign ministry official says.

Standard Bank first-half profits jump 61%

2015-08-14 12:19

Standard Bank's first-half profit has risen 61% after assets were sold to Brazilian operations and part of its London unit.

Banks staying one step ahead

2015-08-10 18:00

Europe's biggest banks have stockpiled capital to cushion them against unexpected demands from regulators and to keep investors sweet.

Barclays Africa hastens talks to buy banks in Egypt, Zim

2015-07-29 12:06

Barclays Africa Group says talks to buy its parent company’s operations in Egypt and Zimbabwe have been accelerated following management changes at Barclays.

'Grexit' tips over to base case for big banks

2015-07-07 12:15

Greece leaving the eurozone has tipped over to become the base case for many international bank economists after Sunday's overwhelming 'No' vote against bailout.

Pressure mounts on Greece for fast, credible proposals

2015-07-07 07:29

France and Germany have told Greece to come up with serious proposals to restart financial aid talks, after the Greeks voted overwhelmingly to reject more austerity.

Still breathing space for Greek banks

2015-06-30 14:24

Greece's banks may not be declared insolvent for several days after a default, offering the prospect of temporary breathing room in the run-up to a referendum.

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