$104m UBS informant asks Swiss to back whistleblowers

2016-02-04 11:18

The banker who has been awarded $104m by the US for revealing how he helped UBS Group hide assets for rich Americans has one message: “stop living in the past”.

Britain's HSBC back online after cyber attack

2016-01-31 17:36

British bank HSBC says its internet and mobile banking services were fully up and running again after it was hit by a cyber-attack.

Sweden’s banks caught in cash burn as deposits swell

2016-01-10 18:30

In the back-to-front world of negative interest rates, Swedish banks are grappling with yet another odd development.

Chinese regulator said to limit some banks’ purchase of dollar

2016-01-08 13:07

China’s currency regulator in Shenzhen told banks under its jurisdiction to limit purchases of US dollars for corporate clients, sources say.

Absa slams Barclays sale plans as 'speculation'

2015-12-17 15:34

Absa has declined to comment on “speculation” that Barclays intends to shed its R73bn controlling stake in its South African subsidiary.

Fitch downgrades 4 South African banks

2015-12-13 12:19

Fitch rating agency has downgraded four of South Africa's big banks, while one bank was upgraded, in the wake of cutting the country's national debt to one notch above junk status.

Debit order fraud: Banks respond to criticism

2015-11-20 09:32

Banks have been slated for failing to protect account holders' money but say not all disputes are valid and the onus is on clients to check statements regularly.

Skills shortage hampers SA banks' cybersecurity - report

2015-11-09 22:00

Banks are making strides but cybersecurity in SA's financial system is curbed by the dearth of highly sophisticated skills in that area, says an industry expert.

Australia's NAB to sell insurance stake to Nippon Life

2015-10-28 09:15

National Australia Bank has announced the sale of an 80% stake in its insurance business to Japan's Nippon Life for $1.7bn.

UK scraps 'guilty until proven innocent' rule for bankers

2015-10-16 15:02

UK is scrapping plans that may treat senior bankers as 'guilty until proven innocent', easing industry fears that tough new rules will scare top talent away from London.


Bankers in Europe have the most to fear in 2016 job cuts

2016-02-03 14:02

Rarely has an industry lost so many jobs with such little effect, while HSBC has frozen hiring and pay and Barclays plans to cut 1 200 investment banking jobs.

Banks in UAE seen ready for extended slump after drop in oil

2016-01-11 12:50

With everything from China to oil working against them, investors have had little reason to buy in 2016 - and the result has been the worst five-day start to any year.

Credit Suisse restates financial results to ready investors

2016-01-08 19:51

Credit Suisse Group AG has revisited five years of financial statements to provide a track record for its new divisions in time for next month’s earnings report.

Zim bank workers protest over sexual harassment

2015-12-17 19:09

Workers in Zimbabwe are demonstrating over alleged sexual harassment of a journalist and dismissal of a union offical at the local unit of Standard Chartered Bank.

South Africans are in for a serious blow - economist

2015-12-13 17:43

The downgrading of South Africa's sovereign debt and banks is a huge problem for all South Africans, warns economist Mike Schussler.

Banks must act on debit order fraud

2015-12-09 07:54

Financial institutions cannot be absolved from the responsibility of protecting their consumers, says Dumile Sibindana.

Rude staffers top reason why people switch banks

2015-11-19 06:33

A survey undertaken in nine countries shows that rude, impolite or uninterested staff at banks can make customers switch to another financial institution.

Deutsche Bank to suspend dividends for two years

2015-10-29 07:43

Germany's Deutsche Bank has said it will not pay dividends in 2015 and 2016 as it seeks to cut costs as part of a major business and management restructuring.

BoE restricts stress tests to big UK retail banks

2015-10-22 11:43

UK's smallest lenders and units of foreign investment banks operating in the country will escape the Bank of England's stress tests, the central bank has said.

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.

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