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Financial Services

UK fines Barclays £72m over 'elephant' deal

Nov 26 2015 19:36

The UK's financial regulator has fined Barclays bank £72m for failing to carry out proper checks on a vast so-called elephant deal for ultra-wealthy clients.

Financial Services

RMB to halt dollar supplies to Angola

Nov 26 2015 18:36

Rand Merchant Bank says it will stop supplying Angolan banks with US dollars from November 30.

Financial Services

AEEI concludes Saab deal

Nov 26 2015 11:47

African Equity Empowerment Investments has completed a R125m deal to acquire a 25% plus one share stake in Saab Grintek Defence.

Financial Services

Banks failing to exploit online, mobile - study

Nov 25 2015 20:16

Banks are failing to fully exploit online and mobile to engage customers, according to a global research study.

Financial Services

MMI eyes growth despite market challenges

Nov 25 2015 17:24

MMI Holdings says there are still opportunities in various market segments, despite substantial pressure on its clients' disposable income.

Financial Services

Sanlam eyes Africa expansion with R5.3bn acquisition

Nov 24 2015 19:04

Insurer Sanlam has announced that it would acquire a 30% stake in Morocco-based Saham Finances, as it seeks to expand its footprint in Africa.

Financial Services

US company's CT call centre to boost job creation

Nov 24 2015 17:11

EXL, a Nasdaq listed business process solutions company, has celebrated the opening of its new call centre in Cape Town and expects to create up to 3 000 jobs.

Financial Services

China banks pay most for state funds before IPOs

Nov 24 2015 12:38

Chinese lenders’ cost of borrowing from the central bank has risen to the highest since July as they competed for cash before a resumption in new share sales.

Financial Services

HSBC to cut 2 000 commercial banking jobs

Nov 24 2015 12:01

HSBC Holdings is eliminating 2 000 jobs in its commercial bank as part of a plan to cut costs, according to a person briefed on the matter.

Financial Services

Angolans desperate for forex seek euros

Nov 20 2015 17:15

Some Angolan banks running low on dollars are offering customers euro notes and other foreign currencies.


Financial Services

ECB will do what it must: Draghi

Nov 20 2015 12:42

European Central Bank president Mario Draghi has set the scene for further stimulus, saying the institution will do what’s necessary to reach its inflation goal.

Financial Services

Debit order fraud: Banks respond to criticism

Nov 20 2015 09:32

Banks have been slated for failing to protect account holders' money but say not all disputes are valid and the onus is on clients to check statements regularly.

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Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

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