Standard Bank’s former head office has been standing empty for years – as SA banks struggle with a building conundrum

2019-05-20 08:30

As banks close branches, they have to decide what to do with their old offices

Forex cartel case: Standard Chartered pleads guilty to manipulating rand, other currencies

2019-02-05 17:18

British multinational banking and financial services company, Standard Chartered, has pleaded guilty to manipulating currencies, including the rand, between 2007 and 2013.

Capitec beefs up fight to stop debit order fraud

2018-12-12 16:05

Capitec has lowered the minimum value that triggers an SMS notification for clients to be made aware of small debit orders from their accounts in an effort to fight unauthorised transactions.

Reserve Bank governor Kganyago wants more banks

2018-11-30 11:41

The SA Reserve Bank, having handed out the first three bank licenses in 11 years, is keen to see more entrants into the industry to drive down costs for consumers.

FNB targets SA townships with fintech deal

2018-11-27 22:27

First National Bank and a startup financial-technology company in South Africa are partnering to connect informal traders in townships with fast-moving consumer-goods companies.

Postbank must be run separately from Post Office to protect depositors - MPs

2018-11-21 20:09

A new bill proposed by Treasury intends to amend five acts, including one which will affect state banks.

Fitch confirms ratings of SA's major banks at notch below investment grade

2018-11-16 13:25

Ratings agency Fitch has kept the ratings of five of SA's major banks at BB+ with a stable outlook.

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.

 

After cutting 802 000 jobs, some big banks are now adding staff

2019-04-03 22:05

Hundreds of thousands of jobs have disappeared on Wall Street since the 2008 financial crisis and some of the biggest banks haven’t stopped cutting. Still, some firms managed to reverse the trend and are slowly boosting staff levels.

Banks stuck with $1.6bn of unsold loans amid market rout

2018-12-22 15:23

A rout in the once-hot market for risky corporate loans has some of Wall Street’s largest banks stuck with at least $1.6bn of unwanted leveraged buyout debt.

The Reserve Bank reckons a bitcoin-style rand may be coming – and wants to cut non-banks into everyday shopping

2018-12-06 12:26

The law at the heart of South Africa's national payment system needs an update, the Reserve Bank says, and its proposal on how to do that foreshadows a fully digital national currency – and the end of banks' oligopoly on low-value retail transactions.

Brexit could see R12.4 trillion of assets siphoned from the City of London to Frankfurt

2018-11-29 16:49

While Theresa May tries to get her Brexit deal over the line, banks have already packed their bags and started moving to Frankfurt.

Absa's retail strategy takes shape to knock threat of new banks

2018-11-23 07:06

As the fight for dominance of South Africa’s retail-banking segment hots up, Absa is considering a change in tactics to boost revenue.

Debit order fraud: Consumers 'frustrated' and 'annoyed' with banks

2018-11-19 21:38

Fin24 users speak of their frustrations with banks, calling for a crackdown on debit order fraud that sees payments they didn't authorise being deducted from their bank accounts each month.

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.

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