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/ 5 September 2011
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.
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/ 4 November 2009
Absa group chief executive Maria Ramos has been appointed to the Barclays group executive committee with immediate effect.
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/ 22 September 2009
For the next four weeks, the fear that any bank anywhere, no matter how big, could be at risk would stalk the markets.
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/ 11 September 2009
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.
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/ 8 September 2009
Barclays bank has been fined £2.45-million for "serious weaknesses" in systems and controls that led to inaccurate reporting of transactions.
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/ 27 January 2009
Japan plans to use public money to help the companies hardest hit by the global financial crisis.
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/ 26 January 2009
Companies forecast almost 70 000 job cuts in a single day as the rampant crisis born in the banking sector struck workers across the globe.
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/ 14 January 2009
Barclays Plc said it is cutting more UK-based jobs, which is likely to take job losses at the British bank to 4 600 in the past week.
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/ 31 October 2008
World stock markets had mixed fortunes on Friday, with fearful investors groping for direction at the end of a mad month of wild volatility.
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/ 13 October 2008
Britain bailed out three major banks with £37-billion on Monday as governments around Europe boosted confidence in the battered industry.
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/ 12 October 2008
Major British banks are likely to announce their plans to recapitalise early on Monday.
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/ 20 September 2008
A US bankruptcy judge has approved a revised version of British bank Barclays’s deal to purchase the core US business of Lehman Brothers.
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/ 18 September 2008
Morgan Stanley topped the list of major financial firms scrambling to find a buyer on Thursday amid panicked stock and money markets.
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/ 17 September 2008
Capping an extraordinary day in financial markets, US authorities pieced together an emergency -billion rescue of insurance company AIG.