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.

VBS head's explanation of R15m bonus is ‘absurd’, court hears

2018-07-31 13:52

An explanation by VBS Mutual Bank's CEO about an alleged R15m bonus paid to him, which he says he earned for other reasons, has been described as absurd and bizarre by a legal representative.


2018-07-26 10:30

THE rapid pace of the technology revolution has created many trends like cloud computing and big data analytics which are changing the business world.

VBS CEO: I knew, heard nothing

2018-07-22 06:05

Andile Ramavhunga claims ignorance of the fraudulently extracted R1.5 billion, though he does not deny it happened.


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.


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.

It's not SARB's job to run the affairs of banks like VBS, says Kganyago

2018-07-27 13:15

Its not the mandate of the SARB to run the affairs of private banks, its governor has said, but rather to protect depositors and make sure banks adhere to prudential requirements.

VBS saga: Municipalities in for half-a-decade wait for a fraction of R1.5bn deposits

2018-07-26 06:30

At best municipalities could receive about 10% of their deposits once the process is concluded in about five to seven years' time.

PIC duo's shady payouts

2018-07-22 06:05

Public Investment Corporation executives Paul Magula and Ernest Nesane both allegedly received monthly payments from Vele Investments for over a year, totalling around R5m each.

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