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.

African Bank narrows loss to R2.8bn

2015-06-26 10:50

African Bank, which collapsed in August last year, has narrowed its loss to R2.8bn in the six months to end-March from a restated R5.9bn.

Britain to privatise its 'green' bank

2015-06-25 20:00

Britain's Conservative government says it plans to privatise its 'green' investment bank to financially support environmentally-friendly infrastructure.

RBS shares rise as UK government unveils sale plan

2015-06-11 14:45

Shares in Royal Bank of Scotland have risen after Britain's finance minister George Osborne said the government would start selling its £32bn stake in the bank.

SA banks face hefty fines over forex rigging

2015-06-09 07:59

The Competition Commission may impose some of its highest fines yet after its investigation on the suspected currency-rigging by global and local banks.

Exemptions for banks on money transfers published

2015-06-05 20:00

Banks no longer need their customers to provide their income tax numbers or addresses when sending less than R3 000 per day, or R10 000 per month, out of the country.

FNB launches own mobile network

2015-06-04 15:21

First National Bank is set to become the first financial institution in South Africa to launch a mobile network when it starts selling SIM cards on June 15.


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.

SA banks face increased bad debt levels

2015-06-26 07:23

SA banks face increased bad debt levels and costs because of the country’s “own goals", including power cuts and the threat of a ratings downgrade, says an expert.

Banks didn't do enough to police Fifa, says watchdog

2015-06-22 17:30

A global group of government anti-money-laundering agencies says financial institutions have not done enough to police suspicious activity by Fifa officials.

UK clamps down on markets after trader scandals

2015-06-11 10:15

Britain has announced a clamp-down on abusive practices in financial markets on Wednesday after a string of scandals involving the banking system.

New toys for flash boys in China's market

2015-06-07 14:21

The rapid liberalisation of Chinese derivatives markets has attracted a new breed of creative traders employing complex trading strategies that can generate quick profits.

Australian banks' appalling behaviour' toward rate probe

2015-06-04 19:54

An Australian watchdog has described the behaviour of the country's biggest banks towards a probe into possible rigging of the interest rate benchmark as "absolutely appalling".

Two more Swiss banks settle with US over tax

2015-06-04 10:30

Two more Swiss banks, Rothschild Bank AG and Banca Credinvest SA, have settled with US authorities over tax offenses under a voluntary programme.

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