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Standard Bank

Banks weather tough climate but brace for new auditing standards
Article
/ 1 June 2018

Banks weather tough climate but brace for new auditing standards

The banking sector has fared well despite a difficult economic climate

By Lynley Donnelly
Sharp practice in the shade
Article
/ 6 April 2018

Sharp practice in the shade

Loopholes and delay tactics allow bogus owners to get rent for buildings in legal limbo

By Staff Reporter
Standard bank denies business rescue for Gupta companies
Article
/ 6 March 2018

Standard bank denies business rescue for Gupta companies

Bank employee acting ‘out of mandate’ faces disciplinary procedures

By Staff Reporter
​Coca-Cola SA and Sasol cut ties with McKinsey
Article
/ 11 January 2018

​Coca-Cola SA and Sasol cut ties with McKinsey

To date, most of the large companies to cut ties with McKinsey have been financial institutions such as Nedbank, Standard Bank and Barclays Africa.

By Staff Reporter
Jazz proves it knows no bounds
Article
/ 6 October 2017

Jazz proves it knows no bounds

The Joy of Jazz’s venue was cumbersome but couldn’t constrain a genre that revels in flouting restrictions

By Staff Reporter
IDC loan of R60m ‘gone in one year’
Article
/ 18 August 2017

IDC loan of R60m ‘gone in one year’

The development finance entity says it wasn’t aware of a beneficiary’s connection to a minister

By Sihle Manda
Banks seek settlement — and also challenge collusion claims
Article
/ 12 May 2017

Banks seek settlement — and also challenge collusion claims

"Earlier this year, the commission brought a case against 17 major local and international financial institutions for collusion"

By Lynley Donnelly
Advocate in Gordhan-Gupta proceedings: The Guptas are ‘like Alice in Wonderland’
Article
/ 28 March 2017

Advocate in Gordhan-Gupta proceedings: The Guptas are ‘like Alice in Wonderland’

Finance Minister Pravin Gordhan is seeking a declatory order on the extent of his power to intervene in a bank-client relationship

By Pauli van Wyk
Editorial: Real people win if cartels are cracked
Article
/ 17 February 2017

Editorial: Real people win if cartels are cracked

Beyond the language of price-fixing and collusion, this type of behaviour by bankers amounts to taking food off the tables of South Africans.

By Editorial
Banks bust: ‘Price-rigging’ fine would be enough to wipe out SA’s budget deficit
Article
/ 17 February 2017

Banks bust: ‘Price-rigging’ fine would be enough to wipe out SA’s budget deficit

If all 17 institutions are penalised, the country’s R140‑billion budget deficit could be wiped out in one fell swoop.

By Lynley Donnelly
Standard Bank seeks to stop Zuma from intervening in Gupta Case
Article
/ 15 December 2016

Standard Bank seeks to stop Zuma from intervening in Gupta Case

The bank asked the High Court to prevent the president from intervening in its decision to close accounts of companies linked to the Gupta family.

By Renee Bonorchis 1
FirstRand closed Gupta accounts due to money-laundering fears
Article
/ 6 December 2016

FirstRand closed Gupta accounts due to money-laundering fears

FirstRand is the first lender to publicly disclose reasons for severing links with Oakbay Investments, a company controlled by the Gupta brothers

By TJ Strydom and Mfuneko Toyana
Investors shun banks’ good news
Article
/ 16 September 2016

Investors shun banks’ good news

The ‘big four’ are faring well in tough times yet their shares remain cheap, confounding analysts.

By Staff Reporter
Standard Bank scam: R300-million ATM heist ups the ante
Article
/ 27 May 2016

Standard Bank scam: R300-million ATM heist ups the ante

With fake credit cards, fraudsters made 14 000 transactions totalling R300-million from 1 400 ATMs in just three hours.

By Staff Reporter
Mantashe unhappy with banks’ decision against Guptas
Article
/ 11 May 2016

Mantashe unhappy with banks’ decision against Guptas

Mantashe stressed that the Reserve Bank must answer for the closure of the family’s accounts – despite its insistence that it would not get involved.

By Matuma Letsoalo Author
What do the Guptas’ employees say?
Article
/ 26 April 2016

What do the Guptas’ employees say?

The Mail & Guardian spoke to some of the protesters who marched on three of SA’s biggest banks and asked them what they thought of the Guptas.

By Raeesa Pather
SA’s most wanted bank robber arrested
Article
/ 30 March 2016

SA’s most wanted bank robber arrested

Lucky Vusi Dube is linked to bank robberies, in large part, across Johannesburg in 2014.

By Staff Reporter
Standard Bank’s Chris Hart resigns
Article
/ 15 March 2016

Standard Bank’s Chris Hart resigns

The prominent economist came under flak earlier this year after posting a tweet that many on social media deemed racist.

By Agency
South African banks shrug off economic storm
Article
/ 10 March 2016

South African banks shrug off economic storm

The big four banks have managed to grow earnings impressively, but enormous challenges remain as SA’s economic outlook continues to deteriorate.

By Staff Reporter
Wits responds to queries about Chris Hart’s qualifications
Article
/ 6 January 2016

Wits responds to queries about Chris Hart’s qualifications

After an outcry over suspended Standard Bank economist and strategist Chris Hart’s qualifications on Twitter, Wits has listed his qualifications.

By Deshnee Subramany
Forex probe may stem from whistle blower or ‘confession’
Article
/ 26 May 2015

Forex probe may stem from whistle blower or ‘confession’

The Reserve Bank hasn’t found any untoward activity in a review of foreign exchange trading, but the Competition Commission is investigating.

By Staff Reporter
Standard Bank cited in price-fix claim
Article
/ 4 December 2014

Standard Bank cited in price-fix claim

Standard Bank, Goldman Sachs, HSBC and BASF Metals are the four companies accused of manipulating the price of platinum.

By Staff Reporter
Bank crunch: To bail out or bail in?
Article
/ 21 August 2014

Bank crunch: To bail out or bail in?

Moody’s ratings downgrade of South Africa’s four big banks cast the rescue of African Bank in a very different light.

By Lynley Donnelly
SA bonds vulnerable to ‘outsized’ selloff
Article
/ 4 August 2014

SA bonds vulnerable to ‘outsized’ selloff

Experts say falling liquidity raises the risk that it will be more difficult to sell the bonds in the event of any deterioration in sentiment.

By Staff Reporter
Anglo may announce more assets for sale
Article
/ 24 July 2014

Anglo may announce more assets for sale

Standard Bank say nine more poorly performing assets could be put up for sale by Anglo as it prepares to report its first-half earnings.

By Staff Reporter
France’s largest bank BNP Paribas to buy South African credit provider
Article
/ 10 April 2014

France’s largest bank BNP Paribas to buy South African credit provider

BNP Paribas has begun to negotiate the purchase of RCS Investment Holdings, a consumer credit provider owned by Standard Bank and Foschini.

By Staff Reporter
Standard Bank profit rises 1% after costs offset interest income
Article
/ 6 March 2014

Standard Bank profit rises 1% after costs offset interest income

Growth in unsecured lending and a repricing of mortgages helped boost Standard Bank’s interest income.

By Staff Reporter
Rand fluctuates near 3-week high before inflation data
Article
/ 17 February 2014

Rand fluctuates near 3-week high before inflation data

The currency has rebounded in anticipation of inflation data and higher than expected numbers could spell an end to the rand’s weakness.

By Staff Reporter
Standard Bank fined $12.6m for poor anti-laundering controls
Article
/ 23 January 2014

Standard Bank fined $12.6m for poor anti-laundering controls

The UK’s Standard Bank has been fined $12.6-million by the Financial Conduct Authority for failing to implement adequate anti-laundering controls.

By Staff Reporter
Ex-China bank’s boss now Standard Bank Group’s deputy chair
Article
/ 16 January 2014

Ex-China bank’s boss now Standard Bank Group’s deputy chair

The former president of China’s biggest bank, Yang Kaisheng, has been appointed as Standard Bank Group’s new deputy chairperson.

By Staff Reporter
Standard Bank selling 2% of Discovery’s stock for a client
Article
/ 5 December 2013

Standard Bank selling 2% of Discovery’s stock for a client

Standard Bank is selling over R1-billion of Discovery shares for an unnamed client.

By Staff Reporter
Standard Bank sees a bright future for tin
Article
/ 7 October 2013

Standard Bank sees a bright future for tin

Shortages in the market could see tin continue to perform better than any other base metal on the market.

By Staff Reporter
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