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Financial Services

SIM-swap victims mull legal action against banks

Apr 24 2017 13:24

A man who lost R1.8m from his bank account is part of a growing group of outraged clients gearing up for a legal fight with banks.

Financial Services

UK govt sells green bank in £2.3bn deal

Apr 20 2017 16:38

The UK Green Investment Bank is to be sold to Australian financial services firm Macquarie Group in a £2.3bn deal, says the government.

Financial Services

Credit Suisse pay cuts ‘too little too late’

Apr 18 2017 11:00

Credit Suisse’s efforts to avoid a shareholder revolt over compensation for top executives and directors have failed to convince at least one main opponent.

Financial Services

Sexwale investigation into Trillian Gupta-Nenegate claims hits dead end

Apr 14 2017 15:59

An investigation by Tokyo Sexwale, non-executive chair of Trillian, into state capture claims is at risk of fizzling out due to no information being provided.

Financial Services

New law to compel Zim banks to accept cows as collateral

Apr 13 2017 19:01

Under a new law, commercial banks in Zimbabwe could soon be compelled to accept livestock as collateral for cash loans to informal businesses.

Financial Services

Deep discount lures buyers to SA banks despite junk

Apr 13 2017 09:39

Foreign investors have been snapping up South African banking stocks, enticed by the cheapest valuations relative to emerging-market peers since 2011.

Financial Services

Wells Fargo claws back another $75m after fake accounts scandal

Apr 10 2017 17:55

Wells Fargo has gained another $75m in pay from two former executives who played key roles in the bank's fake accounts scandal.


Financial Services

Barclays CEO faces probe, bonus cut over whistleblower

Apr 11 2017 18:45

Barclays chief executive officer Jes Staley will be reprimanded and the bank will cut his pay as regulators begin to investigate how he tried to unmask a whistleblower.

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So, the worst has finally happened. S&P and Fitch officially downgraded SA to junk status following the ill-timed Cabinet reshuffle.

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