Ferial Haffajee: Can Adrian Gore disrupt the banks this time?

2018-11-16 07:30

Is Adrian Gore about to do to banking what he did to medical aid? asks Ferial Haffajee.

You can get free shares in Discovery Bank by depositing money with it – if you are black

2018-11-14 15:00

Discovery plans to give 10% of its new bank to black depositors in an entirely vendor-financed system – though it recognises that could mean political trouble.

Guptas ‘tried to use front’ to extract Sahara assets

2018-11-12 06:28

Nearly R20m in Gupta-linked cash appears to be in limbo and may be forfeited to the state following a failed attempt to 'purchase' two aircraft owned by Sahara Computers.

Standard Chartered to stop financing new coal-fired power plants

2018-09-25 11:22

Standard Chartered said it will stop financing new coal-fired power plants anywhere in the world as part of its commitment to supporting the Paris Agreement on climate change.

Moody's upgrades outlook for SA banks to stable

2018-09-11 19:32

Moody’s expects SA bank credit risk profiles and problem loans to remain stable until the end of 2019 in a difficult operating environment.

Namibian ‘VBS’ cash frozen

2018-09-02 06:01

The liquidators of collapsed SME Bank Namibia managed to freeze millions of rands in SA bank accounts as part of a probe into a lesser known scandal in which VBS Mutual Bank allegedly played a part.

SARB: Auditors were part of the VBS Mutual Bank conspiracy

2018-08-15 15:06

The audited financial statements of VBS Mutual Bank which were submitted to the Reserve Bank were not reliable, Parliament has heard.

Facebook asks big banks to share customer details

2018-08-07 12:19

Facebook has asked major US banks to share customer data to allow it to develop new services on the social network's Messenger texting platform, a banking source told AFP on Monday.

JPMorgan to pay widow $7.1m of multibillion verdict

2018-08-03 07:02

JPMorgan Chase & Co has been ordered to pay $7.1m to the widow of a deceased American Airlines executive in a ruling that largely wiped out her portion of a $8bn verdict against the bank for mismanaging the family estate.

'Dunkirk spirit': UK banks are preparing billions in emergency lending to support the economy under a no-deal Brexit

2018-07-31 20:56

However, banks themselves have concerns over the enforceability of billions of pounds of cross-border contracts.

 

Traders say Brexit deal 'dead in the water' as Raab leaves

2018-11-15 23:51

European stocks sank on Thursday after a number of UK ministers including Brexit Secretary Dominic Raab resigned amid a growing revolt against PM Theresa May’s Brexit deal.

New bank on the block as Discovery launches 'tech-led' bank

2018-11-14 13:28

Discovery has launched its much anticipated bank, hailed as the first in rewarding good financial behaviour.

Europe is closing a trading loophole UK banks were relying to cope with Brexit

2018-10-08 10:44

European Central Bank reportedly wants to crack down on a practice known as "back-to-back" booking after Brexit.

WATCH: Could another financial crisis be coming?

2018-09-14 22:44

Ten years since the collapse of Lehman Brothers and the onset of the Global Financial Crisis - could such an economic disaster happen again? Laura Frykberg reports.

EFF banks amendment bill: It's in the details, say stakeholders

2018-09-04 21:48

Various stakeholders have supported the objectives of the EFF's proposed amendments to a bill allowing the State to own banks - but there are a few technical issues to iron out first.

INTEREST RATES ARE DIFFERENT!

2018-08-19 10:30

IT IS natural that people are worried about buying houses when the economy is the subject of so much bad news.

This is why Investec is sticking with KPMG — despite shareholder outrage

2018-08-10 12:11

Nearly a fifth of Investec's shareholders did not want KPMG, and the board says it too has concerns, but that it is better for South Africa to keep the firm as its auditors.

Two more VBS execs provisionally sequestrated

2018-08-03 14:04

Two more VBS Mutual Bank executives have been provisionally sequestrated, bringing to five the total number of managers at the institution whose assets are now effectively on ice.

Former VBS boss only heard of ‘looting’ after it happened, advocate argues

2018-08-02 07:39

Intense arguments have been heard around whether or not Robert Madzonga, former VBS chief operations officer and group executive officer of Vele Investments, should be provisionally sequestrated.

VBS execs pulled off SA's 'biggest bank robbery', advocate tells court

2018-07-31 19:10

VBS Mutual Bank's executives have carried out the country's "biggest bank robbery" - and did so in designer suits - an advocate has claimed in the South Gauteng High Court.

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