Once again, Western auditing and consulting firms shamelessly facilitated corruption on an international scale
The Competition Commission has 40 working days in which to redraft its case against banks
Online chat rooms were key to the way in which traders colluded to maximise profits.
They include Qatar, American pensioners and the Public Investment Corporation, but the sums are smallish – and payment may never happen.
Mining tycoon Patrice Motsepe reportedly has his sights set on being a major player in the banking sector.
Alluring though the sale of its Africa shareholding may be, the timing is not ideal given the state of global banking.
Banks are struggling for liquidity, resulting in empty ATMs, as foreign banks now show signs of weakness alongside struggling local counterparts.
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 investment firm has begun building what it hopes will be Africa’s premier financial service group.
The bank’s net income has risen to R12-billion from R10-billion last year.
In its full-year results, the Bank of Kenya said profit had declined by 13% on bad debt.
Barclays Africa is giving its tellers iPads and offering mobile apps to try to win back market share from Capitec, Standard Bank and Nedbank.
Traders have been found to have attempted to manipulate interest rate and foreign exchange benchmarks.
The growing middle class needs sophisticated banking, but analysts say it is not without risk.
Some analysts believe the bank’s One Africa policy makes sense but question if it can be done.
There have been sufficient numbers of rogue traders to warrant a page on Wikipedia that lists the most infamous scoundrels by name.
New details from the Libor scandal inquiry suggest traders working at three major European banks were heavily involved in rigging interest rates.
Terry Crawford-Browne says Jacob Zuma must appoint a commission of inquiry into Barclays Bank’s 2005 takeover of Absa and its link to the arms deal.
Jerry del Missier, who resigned from Barclays Bank, will face a select committee as the US considers launching a criminal inquiry into the scandal.
The Bank of England’s governor intervened to ensure that Bob Diamond vacated his post, writes Jill Treanor.
The Tories have seized on ideas that ministers gave Barclays the nod over its manipulation of interest rates, writes Nicholas Watt and Jill Treanor.
Former Barclays CEO Bob Diamond criticised "reprehensible" behaviour over a rate-fixing scandal in his first public hearing since quitting.
Bob Diamond will face tough questions from UK officials after quitting as Barclays chief executive amid the interest rate scandal scalp-hunt.
Barclays chief executive Bob Diamond has quit over an interest rate-rigging scandal, the latest in a probe spanning a dozen major banks.
Barclays’s chairperson Marcus Agius has resigned over interest rate rigging accusations as the bank faced possible criminal prosecution.
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/ 16 September 2008
Barclays said on Tuesday it was in discussions with Lehman Brothers about buying certain assets of the stricken United States investment bank.
Mandy Rossouw put a similar set of questions to both Zanu-PF and the Movement for Democratic Change to assess the political temperature.
British companies doing business in Zimbabwe must find the noise from their government and the international community disconcerting.
Last month British Prime Minister Gordon Brown urged British companies to stop investing in Zimbabwe, saying his government was preparing sanctions.
South African banking charges were higher than they would be at competitive levels, according to a Competition Commission enquiry report.
President Robert Mugabe rejected fresh calls for economic reform at a rare meeting with the heads of Zimbabwe’s largest business groups this week.
The Zimbabwe government savoured a rare diplomatic victory on Wednesday after the United Nations Security Council failed to agree on how to respond to the country’s post-election crisis. Western countries such as former colonial power Britain had been trying to steer the council to adopt a common strategy on the situation in Zimbabwe.