ARTICLES RELATING TO BANKS

French, UK banks push EU to revise reform plans

2014-11-24 13:39

French and British banks are urging the European Commission to reconsider plans to isolate high-risk trading activities at big banks.

RBS gets $88m fine for financial crash

2014-11-20 16:09

The Royal Bank of Scotland has been fined £56m by regulators for a system crash in 2012 that left millions of customers unable to make or receive payments.

Banks chase trading cheats with surveillance

2014-11-19 09:29

Stung by billion-dollar fines for malpractice on their trading floors, the world's big banks are using 'fuzzy logic' tools such as behavioural analytics.

UK rates likely to stay at record lows

2014-11-12 11:29

Governor Mark Carney is expected to announce interest rates will stay low until the middle of 2015 when he gives the Bank of England’s latest economic forecast.

Viv Govender: Trevor Manuel should not have joined Rothschild

2014-11-12 09:56

There are sure to be differing views about the reason behind Trevor Manuel’s appointment as a global advisor at the international Rothschild Group.

Moody's downgrades big five SA banks

2014-11-11 15:00

Moody's has downgraded the long-term deposit and senior debt ratings of the five largest South African banks and also looked at the IDC and Development Bank.

EU bank to loan Britain's power grid £1.5bn

2014-11-07 16:03

The European Union's bank will loan Britain's National Grid £1.5bn, its biggest ever single loan, the bank says.

Ellerine owes creditors R1.3bn

2014-11-05 18:58

The former furniture unit of failed lender African Bank Investments says it owes creditors R1.3bn, nearly half of that to the four major banks.

HSBC takes $378m hit for forex scandal

2014-11-03 12:00

HSBC bank has taken a $378m charge linked to allegations of foreign exchange market rigging, and posted mixed earnings for the third quarter.

Europe's banks face moment of truth

2014-10-23 12:30

Eurozone's biggest banks will receive the European Central Bank's final verdict on their finances, after doubts on the health of the region's banking sector.

Spain credit card scandal causes outcry

2014-10-21 15:25

Credit card splurges by bank officials have sparked fury among Spaniards, amid a probe into whether cards held by executives have been abused for personal use.

BNP calls on other banks for help

2014-10-07 10:30

BNP Paribas has asked at least three banks to help it clear certain energy transactions in US dollars to ensure it can keep its energy trade division operating.

Banks must serve people - Nzimande

2014-10-05 21:05
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Banks and the financial sector should serve the people and let go of "exploitative" behaviour, says SA Communist Party secretary general Blade Nzimande.

Fighting bank crime needs joint effort - Sabric

2014-09-19 18:38

The SA Banking Risk Information Centre says it will work with banks, cash-in-transit companies and the police to bring down crime in the banking sector.

Scotland: Why banks will relocate

2014-09-11 19:54

Scotland's biggest five banks will relocate to England if citizens vote for independence. Here are the main reasons and the implications for staff and customers.

EU bank tests may miss trillion dollar risk

2014-09-10 16:28

Some European banks are being checked by regulators for signs of capital weakness may be sitting on up to a trillion dollars of potentially unsafe assets.

FirstRand posts earnings jump

2014-09-09 09:17

FirstRand has reported an expected 21% rise in full-year earnings but did not pay out the special dividend investors had been hoping for.

Zim banks reduce lending as debt looms large

2014-09-05 14:53

Zimbabwean banks have reduced their lending as the sector is saddled with $700m in non-performing loans, making lending highly risky.

Tough task for African Bank commissioner

2014-09-03 12:13

The registrar of banks has appointed a commissioner to investigate African Bank in terms of the provisions of the Banks Act.

Insurers can reject quake damage pay-outs

2014-08-28 07:00

At least five insurers will not pay for damages to houses caused by the earthquake that hit the country if it has any links to mining, according to a study.

Capitec: the next Abil?

2014-08-24 09:00

Capitec too faces headwinds but it's no disaster in the making, says an asset manager.

Citigroup to sell its Japanese retail arm

2014-08-20 08:29

Citigroup is eyeing the sale of its Japanese retail banking operations, more than a century after setting up shop in the Asian nation.

Moody's cuts ratings of four more top banks

2014-08-19 18:27

Moody's has downgraded the credit rating of Standard Bank, Absa, FNB and Nedbank after Capitec suffered the same fate.

Ecobank bets on Nedbank taking 20% stake

2014-08-19 15:09

Pan-African lender Ecobank is expecting South Africa's Nedbank to convert a $285m loan to shares in Ecobank before the end of the year.

 

UK accepts defeat in bank bonus limit bid

2014-11-21 11:44

Britain has suffered an embarrassing defeat in its attempt to block the European Union's new limits on bank bonuses.

Britons petition banks on forex fees

2014-11-20 12:39

Over 13 000 Britons have signed an online petition calling for regulators to force banks to reveal how much they make on everyday foreign currency transactions.

Banks pay up and carry on after currency fines

2014-11-13 10:40

Far from chastening the world's biggest currency trading firms, the multi-billion dollar fines levied by regulators are more likely to draw a line.

BoE finds no wrong-doing in FX probe

2014-11-12 11:15

The Bank of England's investigation has found no evidence of any of its officials being involved in unlawful conduct relating to a foreign exchange trading scandal.

UK, US, Swiss close in on forex settlement

2014-11-12 09:31

UK and US regulators are poised to levy hefty fines on leading banks in a landmark settlement after a year-long global investigation into allegations of collusion.

StanChart boss faces investors amid hardship

2014-11-11 12:36

Standard Chartered's Peter Sands has his work cut out to convince investors he can turn around the bank after profit alerts, US troubles and a 30% share price drop.

SocGen profit leaps on risk costs cut

2014-11-06 11:35

French bank Societe Generale's third-quarter earnings have leapt 56.6%, beating expectations, in large part due to reduced risk costs.

Virgin Money revives plans for London listing

2014-11-04 16:55

Richard Branson's Virgin Money bank has revived plans to list on the London stock exchange, one month after halting the move owing to market turbulence.

RBS to reveal funds to settle forex probes

2014-10-30 16:50

Royal Bank of Scotland will announce how much it has set aside to cover potential fines for manipulating currency markets when it reports third-quarter results.

Big states duck rival bank's launch

2014-10-24 14:45

Australia, Indonesia and South Korea have skipped the launch of a China-backed Asian infrastructure bank.

EU bonus cap a knock for banks - HSBC

2014-10-21 18:15

European rules to cap bankers' bonuses at twice fixed pay are "a retrograde step" that could add to difficulty in recruiting staff to the industry, says HSBC.

Eurozone banks unable to support growth - IMF

2014-10-08 16:08

Eurozone banks remain undercapitalised and unfit to lend at levels needed to restore sustainable growth in the currency area, says the International Monetary Fund.

German firms now pay banks to park funds

2014-10-06 14:49

The lowering of interest rates from 0.15% to a super low 0.05% now means German companies have to pay an interest of 0.2% to keep money in current accounts.

Barclays tops UK banking complaints league

2014-09-26 07:14

Barclays has received the most complaints among Britain's banks in the first half of this year, though complaints overall in the sector fell 5%.

Abil plans to re-list on the JSE

2014-09-12 11:57

African Bank Investments plans to re-list on the Johannesburg Stock Exchange and may expand into secured lending and insurance, according to a report.

Banks plan London move if Scots vote to secede

2014-09-11 10:01

Royal Bank of Scotland and Lloyds Banking Group have made contingency plans to move their registered offices to England in the event of a vote for independence.

FirstRand hoards capital for expansion

2014-09-09 18:35

FirstRand says it will save cash for sub-Saharan expansion, frustrating some investors who have been expecting a hefty payout.

Barclays taps vein biometrics

2014-09-06 16:31

Barclays is launching a finger scanner for corporate clients and will roll out voice recognition for millions of retail clients.

Diamond's Africa bank buys Nigeria's UBN stake

2014-09-05 14:45

An African investment vehicle of former Barclays boss Bob Diamond, has lifted its stake in Union Bank of Nigeria to almost 30% with a $270m investment.

UK bankers' bonuses rise twice as fast

2014-08-29 19:03

Bonuses for Britain's bankers and insurance workers have increased double the pace of those for the total workforce last year, data shows.

British banks approve fewer home loans

2014-08-26 13:30

British banks have approved fewer home loans in July than in June, as tighter rules on mortgages lending introduced in April took the heat off the housing market.

Co-Op Bank loses customers after scare

2014-08-22 14:33

Britain's Co-operative Bank has lost around 38 000 customers in the first half of 2014, following its near collapse last year and a drugs scandal.

SA's banking sector is healthy - Sarb

2014-08-20 07:00

The South African Reserve Bank has disputed Moody's decision to downgrade Standard Bank, FirstRand, Absa and Nedbank and put them on review for further cuts.

Capitec recovers after downgrade

2014-08-19 17:01

In what could be seen as a vote of confidence in Capitec Bank, former CEO Riaan Stassen has bought 5 000 shares to the value of R1 025 000.

Britain's EU exit could spark banks exodus

2014-08-18 10:35

Some Wall Street banks are drawing up preliminary plans, including moving some London-based operations to Ireland, to deal with Britain's possible EU exit.

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