Michael Tellinger has promised he will shake the banking industry’s foundations and expose it as "manipulative, dishonest and law-breaking".
South Africa’s R3.2-trillion infrastructure stimulus could come at a hefty price after Moody’s credit rating agency downgraded the big five banks.
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/ 21 January 2012
Zambia’s Drug Enforcement Commission has seized bank accounts for Zamtel, which is 75%-owned by LAP Green of Libya, as part of a probe into its sale.
Standard Bank’s foreign shareholder, the Industrial and Commercial Bank of China, has 107-million individual internet banking customers.
Homeowners with mortgages can take up offers not seen in the market for a long time.
Where is all the money coming from to build dirty coal-powered energy plants?
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/ 1 December 2011
It would not be possible for developing countries, including South Africa, to immediately stop using coal-fired power generation, Standard Bank says.
Standard Bank’s Sim Tshabalala explains how 150 non-banking laws and Basel III are strangling banking.
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/ 20 October 2011
After an increase of 8% in bank charges in 2011, Absa remains the most expensive commercial bank in SA, with Capitec the cheapest, says Solidarity.
Implementation of Basel III will make it more expensive for potential buyers to get home loans.
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/ 30 September 2011
Standard Bank says it has provided a $500-million loan facility to Zambia’s largest mining company, Vedanta Resources’s Konkola Copper Mines.
The main obstacle to moving accounts is the inconvenience, writes <b>Teigue Payne</b>.
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/ 6 September 2011
The rand was softer against the dollar in early morning trade as it tracked a jittery euro, and analysts say they expect the rand to keep weakening.
While the financial world worries about a double-dip recession South African banks reported a decrease in bad debts.
The country’s biggest banking group in terms of assets has reported an 11% increase in normalised headline earnings for the six months ended June 30.
Big South African banks are expected to show scant underlying growth when they report first-half earnings in coming weeks.
Standard Bank has again been named as Africa’s top bank in the <i>Banker</i> magazine’s 2011 rankings of the world’s top banks.
Critics say a document that downplays the mine flooding risk in Johannesburg soothes business fears.
Standard Bank has been signing up thousands of new clients each month to an account that is cheap and easily accessible.
Stanbic Bank Ghana, a unit of SA’s Standard Bank, says it has closed a $60-million senior revolving loan with Gold Fields’ unit in the country.
Globally, the banking sector has had a tough couple of years.
Standard Bank reported its third straight decline in annual profit on slack demand for loans and said it owuld continue to keep a lid on costs.
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/ 4 February 2011
Standard Bank says fewer credit-card holders are defaulting and most are spending more responsibly.
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/ 20 December 2010
Trade union Solidarity has accused Standard Bank of an "arrogant slap in the face" for employees facing retrenchment.
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/ 2 December 2010
Standard Bank warned on Thursday it expects its full-year profit to drop as much as 12%, hit by lower revenue and costs from recent job cuts.
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/ 19 November 2010
Standard Bank announced it would not renew sponsorship contracts with Cricket SA, Kaizer Chiefs and Orlando Pirates in 2011.
FNB emerges as the cheapest of the big four on the back of an aggressive marketing campaign.
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/ 12 November 2010
Financial-sector union Sasbo and Standard Bank were ordered by a court on Friday to continue talks on retrenchments at the bank.
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/ 11 November 2010
Standard Bank has made a proposal to meet some of the demands of Sasbo, the finance union, over retrenchments, the Labour Court heard on Thursday.
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/ 8 November 2010
Finance union Sasbo filed papers with the Labour Court on Monday to obtain an urgent interdict against Standard Bank retrenching staff.
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/ 2 November 2010
Standard Bank and Absa were rated the most expensive banks in South Africa in the Solidarity bank costs report, released on Tuesday.
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/ 29 October 2010
There will be no more retrenchments in the foreseeable future, Standard Bank CEO Jacko Maree said at a media briefing on Friday.