A research paper has raised the possibility that banks have been working together to manipulate the London gold fix rate.
Aid for Uganda has been pulled and its currecy has slumped following a bill which prescribes life imprisonment for some homsexual acts.
The bank says improved credit impairments have been the main reasons for higher earnings.
There has been a return of commodity risk, with commodities breaking free of their ties to other asset classes and delivering different performances.
Absa Group is to buy the African operations of its parent Barclays for R18.33-billion, and will change its name to Barclays Africa Group.
Standard Chartered is the latest to be accused of unethical practices by US regulators, sparking market flight.
It's a busy time for corporate earnings as big-name companies, including Apple, Facebook and Barclays provide trading updates in the week ahead.
SA's exposure to the London interbank offered rate (Libor) scandal spreading globally occurs through the foreign-exchange market in particular.
Kevin Davie says he wants to be Bob Diamond in his next life. Precisely Bob Diamond in the period he was a top executive at Barclays.
Absa has issued hundreds of staff members with retrenchment notices but it claims it's in the interests of its clients and a more efficient operation.
Barclays bank chief executive Bob Diamond received nearly £20-million last year even though the bank's profits fell and this has angered trade unions.
Restructuring at Absa by the bank's global parent Barclays has seen the loss of senior managers and rattled the market.
The shake-up in Absa's upper echelons is a case of parent Barclays “micromanaging” the local operations and direct intervention, according to sources.
Absa Group says it would merge its business and retail banking units, a similar move done by Barclays this year.
Europe's top banks are due to meet to share insights on whether the latest sovereign debt crisis squall could yet turn into a financial market storm.
Absa's profit before tax decreased by 19% to R1,481-billion in the first quarter of 2011 from R1,832-billion in the first quarter of last year.
Absa group chief executive Maria Ramos has been appointed to the Barclays group executive committee with immediate effect.
For the next four weeks, the fear that any bank anywhere, no matter how big, could be at risk would stalk the markets.
For Barclays and Nomura, the collapse of Lehman Brothers was the opportunity of the lifetime -- a chance to grab a seat at banking's top table.