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Financial Services

Facebook's Libra crypto coin: 5 things we know, and 5 we don't

Jun 23 2019 09:17

Facebook unveiled plans for a new cryptocurrency called Libra this week. After a week of analysis, here’s what Bloomberg reporters and editors know about Libra, along with key unknowns that remain.

      Financial Services

      Banks spend $1trn on digital, but few benefit - study

      Jun 22 2019 12:00

      While global banks have been pouring money into information technology - to the tune of $1trn over three years - only a handful appear to be fully committed to a digital transformation and are therefore reaping the benefits.

      Financial Services

      Price hikes mean bank employees may start 'living at work' - Zimbabwe union

      Jun 21 2019 14:54

      A union representing the bank's employees says it has written to the board to say employees are unable to buy enough food for a week from their salaries and face evictions for failure to pay rentals.

      Financial Services

      'Just hang up' : Consumer group warns of phone scams

      Jun 20 2019 11:10

      In vishing – or voice phishing attacks – scammers speak directly to victims to try and convince them they are in speaking to someone from a legitimate organisation.

      Financial Services

      PIC board should have 'global expertise and perspective', inquiry hears

      Jun 19 2019 20:59

      The Public Investment Corporation board should have expertise in investment-related matters and include representatives of key stakeholders, the inquiry into affairs at the state-owned asset manager heard on Wednesday.

      Financial Services

      Eric Mabuza to represent former Old Mutual CEO in dismissal challenge

      Jun 18 2019 18:43

      Advocate Eric Mabuza confirmed to Fin24 on Tuesday evening that he will be representing dismissed Old Mutual CEO Peter Moyo in a court case challenging Moyo's ouster.

      Financial Services

      UBS apologises for ‘Chinese pig’ comment amid public furore

      Jun 13 2019 10:46

      UBS Group AG apologised for comments from its global chief economist published on Wednesday that made reference to a “Chinese pig” and drew criticism on social media as well as from a state-run newspaper.

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      Financial Services

      Forex collusion case back in the spotlight at Competition Tribunal

      Jun 12 2019 05:00

      The matter dates back to 2017 when the Competition Commission referred a collusion case involving 17 banks to the Tribunal. Three domestic banks – Absa, Standard Bank and Investec were among those named.

      Financial Services

      Financial services industry under attack by cyber criminals - expert

      Jun 11 2019 21:30

      According to research by IBM, there are about 17 billion cyber-attack incidents daily, and the most attacked industry is financial services, because of the valuable data in its possession.

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