Nedbank, Old Mutual reach milestone in managed separation

2018-04-20 19:06

Nedbank has signed a relationship agreement with Old Mutual Limited regarded as a significant step forward in the managed separation of the Old Mutual Group.

SARB commissions forensic investigation into VBS Mutual Bank

2018-04-13 12:48

The SA Reserve Bank says it has commissioned a forensic investigation into VBS Mutual Bank, nearly a month after placing the beleaguered bank under curatorship.

Standard Bank eyes West Africa growth

2018-04-11 05:15

Standard Bank is seeking a banking license in Senegal after opening in Ivory Coast as the lender expands in West Africa’s French-speaking countries.

SA financial authorities collaborating internationally on Viceroy

2018-04-06 05:45

The Financial Sector Conduct Authority has been in contact with its counterparts in the US and the UK in a bid to contact short seller Viceroy over a report on Capitec.

Capitec annual results not affected by Viceroy report: CEO

2018-03-27 21:00

The Viceroy report had no impact on Capitec bank’s financial performance, CEO Gerrie Fourie says, as the lender posted an 18% rise in annual profit.

The ABCs of digital disruption in finance

2018-03-26 06:15

The question for banks today is how to become 'digital banking superstars' and not go the way of the dinosaurs, according to a Citi GPS report on FinTech.

Bank of America said to seek some margin loan sales after Steinhoff loss

2018-03-21 14:13

Bank of America is offloading some margin loans after losing $292m on soured credit to the former Steinhoff chair Christo Wiese, claim people in the know.

WATCH: All you need to know about VBS Mutual Bank

2018-03-17 09:00

VBS Mutual Bank has been placed under curatorship, Fin24 unpacks how the bank got to this point.

New boost in confidence good for banking sector - Nedbank CEO

2018-03-15 21:00

A rise in confidence levels at corporate and retail level since the ANC presidential election is favourable for the banking sector, Nedbank Group CEO Mike Brown tells Fin24.

Senate votes to loosen key Dodd-Frank banking regulations

2018-03-15 07:00

The US Senate voted Wednesday to ease banking regulations enacted after the financial crisis that were aimed at protecting taxpayers from fresh economic trauma and new bank bailouts.


7 tricks used by card fraud criminals in South Africa – and how to protect yourself against them

2018-04-19 16:55

The South African Banking Risk Information Centre released its card fraud statistics for 2017. Here's how to guard against the common scams.

VBS Mutual Bank 'severely mismanaged' - SARB affidavit

2018-04-11 10:55

Initial findings by the curator of VBS Mutual Bank show there may have been fraudulent reporting and manipulation of financial information, according to an affidavit filed by the SA Reserve Bank.

ABSA announces structural changes

2018-04-09 13:48

Barclays Africa Group, the holding company for ABSA bank, has announced a new structure with four core businesses, part of its long-term vision to chart its own path after separating from its United Kingdom parent company

African Bank appoints new CEO

2018-03-29 14:31

Basani Maluleke will become the first black woman to head a commercial bank in South Africa when she takes over the CEO position on April 1.

Capitec shows resilience in first post-Viceroy annual results

2018-03-27 11:28

Capitec has shrugged off a damaging report by US-based short seller Viceroy Research to report an 18% jump in headline earnings, boosted by client growth and fee income.

Households pose greatest risk for SA banks - S&P

2018-03-21 20:00

Despite low economic growth in SA, S&P Global Ratings expects banks to maintain robust profitability and sound capitalisation in 2018.

Vele Investments on board with VBS Bank curatorship

2018-03-17 11:00

One of VBS Mutual Bank’s major shareholders, Vele Investments, has dropped its legal challenge against the mutual bank’s curatorship.

Old Mutual managed separation no 'big divorce' for Nedbank - CEO

2018-03-16 11:28

Old Mutual Limited will list on the JSE as soon as possible after the release of Old Mutual Plc’s 2017 results, Nedbank Group CEO Mike Brown tells Fin24.

Coovadia on VBS curatorship: SA cannot afford a bank collapse

2018-03-15 17:02

SA cannot afford a a bank collapse while it is on the path of inclusive economic recovery, says Cas Coovadia, MD of the Banking Association of South Africa.

Don’t ignore full scope of govt expropriation plans – Nedbank CEO

2018-03-15 06:01

Nedbank Group CEO Mike Brown talks to Fin24 about the bank's cautious optimism about the SA environment and challenges like land reform.

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