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Clients hoping to cash in their end of month paychecks at Absa received a nasty surprise after the online banking system fell over.
Stocks in Spain’s fourth-biggest lender Bankia have been suspended on the Madrid stock exchange, as the bank is expected to request a rescue of over €15bn.
Specialist banks cherry pick from major players' layoffs.
Moody's has cut the debt ratings of 16 Spanish banks, citing the effects of the ongoing recession and the reduced creditworthiness of the Spanish government.
Investec has posted a 25.9% decline in full-year earnings due to bad loans hitting its Australian unit and a weak performance by its investment banking arm.
The creation of a liquidity pool which banks can tap to meet the global industry's new Basel III regulatory requirements relieves the pressure for a credit rating downgrade.
JPMorgan Chase says its chief investment officer Ina Drew is stepping down in the wake of the bank's stunning $2bn loss on derivatives trading.
Finance trade union Sasbo, which represents most Absa employees, says the bank has agreed to withdraw the notices of retrenchment issued to IT staff.
Banks and their risky "bets" are once again in the line of fire after JP Morgan lost, in an ironic twist of fate, $2bn through a strategy supposed to reduce its risks.
Britain's recession in the first quarter was deeper than initially thought.
SA is shopping around to cut crude imports from Iran and avoid US sanctions.
Pravin Gordhan wants the high court order halting e-tolling to be set aside.
Gwede Mantashe says SA can now turn to fellow Brics for its funding needs.
Eskom is concerned about meeting peak power demand as winter sets in.
The government was warned of the high collection costs for e-tolls in 2010.
Mark Zuckerberg's fortune fell by nearly $2bn as Facebook shares plunged.
A Limpopo textbook tender awarded to former officials has been cancelled.
JPMorgan Chase CEO Jamie Dimon says his bank reacted badly to warning flags that it had large trading losses in complex financial derivatives.
Investec, which has dual listings in London and Johannesburg, has announced reclassifications and enhancements to the disclosures for its results.
Trade union Solidarity claims Absa employees are being forced to resign from the company in order to circumvent a mass retrenchment, while others were sent home for a three-month "gardening leave".
Insurer Old Mutual has reported better-than-expected quarterly sales, as growth in emerging markets partly offset a downturn in economically troubled Europe.
When it comes to judging a company’s worth, value investors like Warren Buffett look at intrinsic value. By that measure, Facebook’s shares are worth less than $10. A Reuters analyst breaks down the math. (Reuters)
CIPPA equals automatic zero erosion in the constant item economy We do not have stable – as in fixed real value – money. The real value of money is generally accepted by the public at large to be stable – as in fixed – in low inflation economies, but this is not true. The be... Read their blog...
Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...
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