Global banks await huge currency rigging fines

2015-05-22 14:30

US regulators have fined Swiss bank UBS $342m for manipulation of foreign exchange markets, as other global lenders prepared for even larger penalties.

Bank probe sees Nene concerned at systemic risk

2015-05-21 21:09

Government officials will meet the SA Reserve Bank to discuss a foreign-currency trading investigation, as the finance minister says he is concerned the probe may expose risks to the banking system.

Millenials skip banks, ask family for advice - survey

2015-05-20 08:42

"Ubuntu Millenials" turn to their communities for financial education, so banks should not neglect good, old-fashioned customer service, says a brand expert.

Greece invited to join Brics bank

2015-05-12 10:07

Greece has been invited to become a member of the development bank of the Brics nations, including China and SA, which seeks to become a counterweight to the IMF.

African Bank appoints Good Bank CEO designate

2015-05-05 10:37

The curator of African Bank has announced the appointment of a CEO designate of Good Bank and its new holding company with immediate effect.

Standard Bank says sorry for ATM glitch

2015-04-24 21:27

No one wants to struggle to draw money at an ATM on payday, but that’s exactly what happened with several Standard Bank clients on Friday.

ECB to fund Greek banks if they stay solvent

2015-04-22 10:17

The European Central Bank will continue to provide liquidity to Greece's banks as long as they remain solvent and have sufficient collateral, says a source.

UK bank tax jump threatens HSBC, StanChart move

2015-04-20 15:00

HSBC and StanChart based in London are looking for a new home in Asia as a big jump in a tax on UK banks makes staying in Britain increasingly painful.

Court rules in favour of bank on credit card suit

2015-04-08 13:51

An Australian court has ruled in favour of one bank in a long-running case over credit card fees, but class action lawyers hoping to reclaim millions vowed to fight on.

SA banks return solid results - PwC

2015-03-27 05:45

South Africa's major banks have showed resilience by posting solid financial results in a difficult and volatile economic climate, says PwC.


Banker accountability rules not a witch hunt - BoE

2015-05-22 07:44

New rules to make senior managers and board members of banks and insurers directly accountable for their actions are about increasing clarity, not witch hunts.

Global banks fined nearly $6bn in forex probe

2015-05-21 07:58

Four major banks have pleaded guilty to trying to manipulate foreign exchange rates and, with two others, were fined nearly $6bn.

Strong demand for National Aus Bank in capital raise

2015-05-12 17:00

National Australia Bank says there has been a strong institutional uptake for shares in the country's biggest rights issue to raise $4.4bn, as the stock resumed trading.

African Bank: no rescue plan for borrowers

2015-05-12 07:25

The SA Reserve Bank came to the rescue of African Bank when it collapsed in August 2014, but there’s no rescue plan for borrowers, writes Mandy de Waal.

ICBC in $2bn Equatorial Guinea deal

2015-04-29 14:01

Industrial and Commercial Bank of China, China's biggest lender by assets, says it has signed an infrastructure deal worth $2bn with Equatorial Guinea.

Nedbank scoops top empowerment award

2015-04-23 22:15

Nedbank has walked away with the Top Empowered Business of the Year Award, an award which honours the most pioneering SA company in the realm of transformation and empowerment.

African Bank debt holders fail to strike deal

2015-04-21 21:00

African Bank’s subordinated debt holders, who are at risk of losing all their money, have failed to reach agreement with the government over changes to bank laws.

Banks see talent flee amid healthcare M&A boom

2015-04-15 21:00

Many top bankers have left their jobs at major investment banks amid a surge in US healthcare deal activity to seek better compensation at investment banks.

BoE, stung by scandals, flags market concerns

2015-03-27 21:00

The Bank of England has warned about possible frequent irregularities in financial markets in an attempt to address problems relating to recent scandals.

Banker accountability rules sound - HSBC chair

2015-03-25 15:30

New rules being rolled out to make bankers more accountable are "entirely reasonable" given the pain Britain suffered in the financial crisis, HSBC chairperson Douglas Flint says.

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