ARTICLES RELATING TO BANKS

African Bank issues R1bn unsecured bonds

2013-06-20 11:05

African Bank, a subsidiary of African Bank Investments, has successfully issued a R1bn three-year bond under its Domestic Medium Term Note programme.

Plan to keep land out of banks' hands

2013-06-20 10:44

The government is working on a plan that would help prevent redistributed land being used as collateral by banks, says Land Reform Minister Gugile Nkwinti.

Sweden to sell 5.7% stake in Nordea

2013-06-18 20:07

Sweden's government says it will sell up to 5.7% of Nordea, the largest Nordic bank, reducing its holding to 7.8%.

FNB, Cell C may be teaming up - report

2013-06-18 12:46

FNB and Cell C are reportedly in negotiations for the bank to launch its own mobile offerings.

Nedbank could swallow Capitec - report

2013-06-17 13:02

Nedbank CEO Mike Brown says he is not bothered that Capitec is the fourth-biggest bank in terms of the market share of transactional accounts.

Barclays seeking staff for new hub

2013-06-14 16:09

Absa's parent company Barclays is aiming to recruit up to 700 technology staff in the next 18 months at a new centre in the United States.

Full account control a huge worry

2013-06-14 13:19

A Fin24 user is worried that SIM swap fraudsters are able to create beneficiaries and transfer amounts much larger than what you have set as your daily limit.

Cyber crime spooks banks most

2013-06-12 19:35

Worries over hacking and other cyber attacks has pushed aside the eurozone crisis as the top risk for Britain's banks.

Man naps on keyboard, transfers millions

2013-06-11 13:32

A German bank employee accidentally transformed a minor transfer into a €222m order after falling asleep on his keyboard, a court has heard.

Lloyds admits complaint-handling flaws

2013-06-11 12:46

Lloyds says it has ended a contract with Deloitte after problems were uncovered in the way it deals with complaints about the mis-selling of loan insurance.

SureSwipe MD: Laws kill small businesses

2013-06-04 15:03

Too many laws are killing small businesses, while banks have made it harder for small businesses to borrow money, says SureSwipe MD Paul Kent.

Court rules for FNB in racism case

2013-05-29 08:45

The North Gauteng High Court has ruled in favour of First National Bank after a bond recalculator made claims of racism against the company.

Jordaan: FNB is in good hands

2013-05-22 15:54

Outgoing FNB CEO Michael Jordaan, who spent 10 years at the helm of the bank, says he is happy because he is leaving the company in good hands.

Cyber experts fear escalation of attacks

2013-05-19 15:06

Stealing $45m lifted from two Middle Eastern banks in a daring global plot, might pale next to an attack that could switch off the lights of a major city.

UK big banks avoid investigation

2013-05-15 13:46

Britain's biggest banks have received a boost when the consumer watchdog decided not to refer the market for personal current accounts be be probed.

India probes breach in ATM heist

2013-05-12 15:45

India's IT watchdog is investigating how the computer systems of two firms that are part of the country's vast IT services industry were breached in a global ATM.

G7 to press on with bank reforms

2013-05-12 10:55

Group of Seven finance officials have agreed to redouble efforts to deal with failing banks and gave a green light to Japan's drive to galvanise its economy.

World's first green bank lends $1bn

2013-05-09 14:27

Britain's Green Investment Bank, solely focused on lending to clean energy projects, says it allocated $988m in funds over its first months of operation.

Is Capitec really bigger than Nedbank?

2013-05-09 11:45

Capitec is a fantastic success story but it's nowhere near SA’s fourth-biggest retail bank, says Finweek editor Marc Ashton.

Fin24 users finger banks over fraud

2013-05-03 17:41

Fin24 users are up in arms after being scammed out of thousands from their bank accounts in cases often involving SIM swaps with Vodacom and MTN.

Absa: We mitigated Weideman loss

2013-04-30 18:29

Absa says it has proactively been able to prevent any further transactions and mitigated further loss on Media24 CEO Esmaré Weideman’s account.

Media24 boss conned out of R360 000

2013-04-30 11:24
139 comments

Media24's CEO Esmaré Weideman has become the latest victim of a SIM swap syndicate when she was robbed of R360 000 over the weekend.

Compromised PIN tops card fraud list

2013-04-29 14:45

South Africans are still too lax when it comes to safety measures to secure PIN code secrecy, research shows.

 

UK to sell Lloyds shares, mulls RBS split

2013-06-20 10:53

Britain is ready to start selling its shares in Lloyds Banking Group and will examine whether to break up Royal Bank of Scotland, says its finance minister.

UK body names lenders in £25bn shortfall

2013-06-20 10:37

A UK regulator is to say capital holes at Royal Bank of Scotland, Lloyds Banking Group and Barclays account for over 90% of a £25bn shortfall, a report says.

UK backs jail time for reckless bankers

2013-06-19 17:28

Britain has supported a call for bankers who are reckless with customers' or taxpayers' money to face criminal charges and have bonuses and pensions clawed back.

German bank to axe 5 000 jobs globally

2013-06-18 13:41

Germany's second-biggest bank Commerzbank has agreed in principle to cut more than 5 000 jobs worldwide, according to a German newspaper report.

EU tax chief urges end to bank secrecy

2013-06-17 16:26

The European Union has called on Switzerland to agree to surrender more information about clients of its big banking industry in a bid to combat tax evasion.

Tax evasion, bank secrecy: G8 talks tough

2013-06-16 11:32

Tax evasion and banking secrecy could be the focus of strong statements at the G8 meeting, according to a report.

SIM swap gang strikes again

2013-06-14 15:07
78 comments

A pensioner has become the latest in a string of victims to lose his money when the notorious SIM swap gang gained access to his Absa bank account.

RBS faces struggle to find CEO

2013-06-13 20:25

Royal Bank of Scotland will struggle to recruit a suitable replacement for ousted chief executive Stephen Hester amid political meddling, according to a report.

FirstRand unveils fund manager

2013-06-12 12:49

FirstRand has launched a new generation investment management franchise, making it the group's fourth financial services franchise.

SoftBank raises Sprint offer to $21.6bn

2013-06-11 13:25

SoftBank says it is raising its bid for US wireless carrier Sprint Nextel as it looks to head off a rival offer with a higher headline figure from Dish Networks.

UK watchdog backs tougher bonus curbs

2013-06-11 12:26

Britain's top banking regulator says bankers should be stopped from cashing in shares from their bonus packages for up to a decade, a report states.

Indian banks to get tough on defaulters

2013-06-03 09:26

Indian state lenders are shedding their laid-back ways for more aggressive tactics toward corporate borrowers which are not paying them back, executives say.

Court to hear card cloning case

2013-05-26 12:19

A 43-year-old man arrested with a skimming device and bank cards believed to have been cloned is set to appear in Rustenburg Magistrate's Court, police say.

SA banks may be forced to list on ZSE

2013-05-21 10:39

Zimbabwe may compel SA and other international banks operating in the country to list on its stock exchange, Finance Minister Tendai Biti reportedly said.

RBS job cuts now close to 40 000

2013-05-16 15:03

Royal Bank of Scotland axed 1 400 more positions, taking the total number of job losses close to 40 000 since its bailout during the global financial crisis.

EU eyes creditors to rescue banks

2013-05-14 16:56

EU finance ministers are seeking rules to shift the burden for bank failures from taxpayers to creditors.

Banks in a fix over stolen $45m

2013-05-12 15:00

The two Middle East banks hit in a $45m ATM heist face an uncertain path in trying to recover their losses, financial, insurance and legal experts say.

Key SIM swap fraud suspect held

2013-05-10 10:26

MTN's forensic services team joined the SAPS in a sting operation that led to the arrest of a key suspect in a recent spate of SIM swap fraud, a report says.

G7 finance chiefs to discuss bank reforms

2013-05-09 11:54

Some of the world's most powerful finance chiefs are set to meet to try to speed up banking and finance reforms, with Cyprus' near meltdown fresh in their minds.

Capitec ousts Nedbank from No 4 slot

2013-05-08 14:16

Boosted by 43% year-on-year growth among main bank clients, Capitec has overtaken Nedbank as SA's fourth-biggest bank by market share, AMPS figures show.

SIM swap bank fraud a major problem

2013-05-02 17:38

Neither banks nor cellphone service providers can be held responsible for losses due to SIM swap fraud because no one did anything wrong, says an expert.

Capitec hits back at fraud claims

2013-05-02 13:52

Capitec Bank has rejected claims that it flouts Fica regulations and so makes itself an easy target for fraudsters.

Flood of SIM swap victims come forward

2013-04-30 15:45
110 comments

Fin24 has been inundated with emails from users who lost money through SIM swaps following a report of Media24 CEO Esmaré Weideman’s loss of R360 000.

EU to protect savers from bank collapses

2013-04-30 09:55

Depositors should be the very last to suffer losses when a bank collapses, according to a proposal by European Union countries.

My bank fraud experience

2013-04-29 07:45

A Fin24 user tells how he fell for a scam he believes was operated by FNB bank employees colluding with a Johannesburg car dealership.

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