Barclays puts in sensors to see which bankers are at their desks

2017-08-18 16:23

Barclays has installed devices that track how often bankers are at their desks.

New Africa infrastructure fund

2017-08-16 19:27

A.P. Moller Holding has together with PKA, PensionDanmark and Lægernes Pension launched a new infrastructure fund with a focus on Africa.

Alexander Forbes changes name in Kenya

2017-08-15 15:08

In line with new local ownership laws, Alexander Forbes in Kenya has changed its name and brand in the new entity.

Bidvest Bank buys acquiring business

2017-08-10 17:06

Bidvest Bank has acquired 100% of First Data Resources SA, the SA subsidiary of First Data Corporation, a global commerce-enabling technology company.

African Bank cuts 600 jobs to save R50m a year

2017-08-06 06:58

African Bank has reduced its staff complement by 636 full-time employees through a restructuring programme.

Mkhize: Financial sector must be at forefront of transformation

2017-08-03 17:02

ANC Treasurer General Zweli Mkhize says transformation in the South African economy starts in the financial sector.

Call for increased BEE transparency in stockbroking industry

2017-07-27 21:30

Transparency on BEE of all in the stockbroking industry in SA is required, says the president of the Association of Black Securities and Investment Professionals.

Cooperative bank for healthcare sector launched

2017-07-26 11:35

The health economy received a boost with the launch of MediCoop CFI, a cooperative bank which is exclusive to the healthcare sector.

Bank of America picks Dublin as post-Brexit hub

2017-07-23 17:00

Bank of America will move its hub for EU business to Dublin from London following Brexit.

Banking industry withstanding economic shocks - Coovadia

2017-07-18 18:27

The banking industry remains profitable despite tough economic conditions, but matters could improve, according to banking association MD Cas Coovadia.


SA's cheapest bank just keeps on giving

2017-08-17 16:28

Nothing, outside a financial-market collapse on the scale of the Great Recession, can faze Capitec Bank Holdings.

Guptas said to have found alternative after Bank of Baroda snub

2017-08-15 18:28

The Gupta family has told the Indian lender that they’ve found another company willing to offer them banking services, claims a person familiar with the matter.

KPMG CEO: We should have bailed on Guptas sooner

2017-08-11 12:53

Audit firm KPMG should have stopped working for the Gupta companies sooner than it did, says Trevor Hoole, CEO of KPMG SA.

Qatar banks shunned by peers will need to pay more for cash

2017-08-10 14:17

Banks in the world’s wealthiest nation per capita will need to offer more yield if they tap the market as almost half of their traditional investor base has cut ties with the country.

Africa's biggest economies seen hindering Nedbank's strategy

2017-08-04 10:31

Nedbank finds its profitability is at the mercy of the oil price and Nigerian and South African politicians, because of reliance on its two biggest markets.

Deutsche Bank Brexit plans firm up with 1 in 2 jobs at risk

2017-08-02 15:01

Deutsche Bank envisions shifting almost half its UK positions to the European continent over coming years as the lender’s Brexit plans take shape.

Guard against both white and black monopoly capital, warns ANC MP

2017-07-27 14:27

SA must guard against monopoly capital and neither black nor white monopoly capital is a good thing, according to ANC MP Joanmarie Fubbs.

Better finance deal for black industrialists

2017-07-25 16:51

A new agreement between FNB and the Department of Trade is set to help black industrialists access funds.

Ex-Credit Suisse banker pleads guilty in US tax case

2017-07-20 14:45

A former Credit Suisse banker has pleaded guilty to conspiring to help Americans hide income and assets from the Internal Revenue Service.

BNP Paribas fined $246m over currency manipulation

2017-07-18 17:05

BNP Paribas, whose subsidiary is accused of rigging the rand in SA, has agreed to pay $246m to settle US allegations that it failed to keep its currency traders from manipulating prices.

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