As foreign banks retreat from the continent, local lenders are stepping up to fill the gap
Rautenbach’s retail track record put him in good stead — and inadequate succession planning helped too
Shareholder engagement on climate-crisis risks is an proving effective tactic to bring about change
Standard Chartered pleaded guilty to currency manipulation (which included the rand) between 2007 and 2013
Despite sustained attacks from banks in the forex hearings, the Competition Commission remains confident of its case
Analysts say the rebranded banking giant needs more than just a fresh logo to regain market share
Barclays Africa Group announced that it is cutting ties with beleaguered firm KPMG as its joint auditors
The land debate has to be approached calmly and responsibly says Barclays Africa Group chief executive Maria Ramos.
"Earlier this year, the commission brought a case against 17 major local and international financial institutions for collusion"
The bank’s South African unit, Absa, says the Competition Commission is not seeking any administrative penalty against it.
The ‘big four’ are faring well in tough times yet their shares remain cheap, confounding analysts.
It appears that South Africa’s rating downgrade has been postponed until December – but is inevitable regardless, say some economists.
Mining tycoon Patrice Motsepe reportedly has his sights set on being a major player in the banking sector.
The bank has plans to deconsolidate Barclays Africa Group, which Absa is a part of, and intends to sell down its 62% stake in the business.
Given the deterioration of the continent’s prospects, the question is who would want to take over the bank’s 62% stake in JSE-listed Barclays Africa.
The Reserve Bank hasn’t found any untoward activity in a review of foreign exchange trading, but the Competition Commission is investigating.
The markets did not appear to share Barclays Africa’s conviction that it was well on its way to becoming one of the continent’s major banks.
New regulations will require investors to bear the risk of South African bank failures.
Its shortfall is the largest of all the British banks, and new rules could put it under extreme pressure.
It has cut jobs and reduced its investment arm – now the group is looking south for a lifeline.
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.