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.

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.


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.

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.

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