ConCourt credit decision could ruin us, say SA banks

South African banks say that a bid to bolster basic human rights by reinterpreting the National Credit Act could endanger the entire credit industry.
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Barclays puts the squeeze on Absa

Restructuring at Absa by the bank's global parent Barclays has seen the loss of senior managers and rattled the market.
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An ode to odious Fred the Shred

FormerRoyal Bank of Scotland boss stripped of his knighthood after its collapse under his stewardship.
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Absa accused of blocking 22seven partner

Online personal financial management start-up 22seven claims Absa is blocking its US partner Yodlee from accessing users' internet bank accounts.
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Absa's full-year earnings take a leap up

In the wake of an executive shake-up, and ahead of its official results report, Absa says its full-year earnings likely rose between 18% and 22%.
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SA banks worried about costs of economic crime

The latest Banana Skins survey has shown South African banks are concerned about the costs of fighting fraud and economic crime.
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Shake-up in Absa's upper echelons as top officials resign

Absa's top executive structures have been shaken up, with news that three top officials, including its chief operations officer, have resigned.
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Zambian commission freezes Zamtel bank accounts

Zambia's Drug Enforcement Commission has seized bank accounts for Zamtel, which is 75%-owned by LAP Green of Libya, as part of a probe into its sale.
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FNB shakes up sharia division

After a probe into claims of conflicts of interest and misappropriation of funds, FNB's Islamic Finance subdivision is set for serious restructuring.
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Capitec eyes higher bank fee income

Capitec Bank says it plans to boost its transaction income in a year, which it expects will make it less reliant on lending income.
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ICBC sets up in Standard's back yard

Standard Bank's foreign shareholder, the Industrial and Commercial Bank of China, has 107-million individual internet banking customers.
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SA struggles to meet banking targets

Most South African adults (54%) are satisfied with their lifestyles.
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Credit-card fraud increases to almost double

Sabric says credit card fraud almost doubled during 2009/10, with 92.3% of incidents occurring in Gauteng, KwaZulu-Natal and the Western Cape.
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Nine million South Africans stash their cash at home

A FinScope survey has shown that these South Africans don't use financial institutions and choose rather to borrow from friends and family.
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Treasury ponders over Islamic bonds

The treasury is considering issuing Islamic bonds to diversify its investor base, aiming to get its first sukuk approved by next financial year.
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South Africa's banking systems remain stable

Moody's Investors Service, in its Banking System Outlook published on Tuesday, shows the outlook for South Africa's banking system remains stable.
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Chinese banks cannot withstand many shocks

A rise in off-balance sheet liabilities and a house price boom have left Chinese banks vulnerable to heavy losses.
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Italy poised on the edge

The European Central Bank is under pressure to open the money taps to help Italy, which is struggling to fund its debts through the private markets.
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Capitec plans to issue $110m in new shares

Capitec Bank says it aims to raise $110-million by issuing new shares to fund its expansion and boost capital ahead of new global banking needs.
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Banks buckle under weight of new rules

Standard Bank's Sim Tshabalala explains how 150 non-banking laws and Basel III are strangling banking.
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