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/ 29 October 2010
A slowdown in revenue and the deterioration in cost-to-income ratio led to the bank retrenching more than 1 500 senior staff members, it says.
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/ 29 October 2010
The retrenchment of 2 100 Standard Bank employees is nothing more sinister than basic economics, say analysts.
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/ 22 October 2010
Solidarity may approach cto halt Standard Bank’s retrenchment process if the bank does not immediately send a Section 189 notice to the trade union.
Standard Bank reported a 9% rise in first-half profit on Thursday, helped by a decline in bad debts, but remained cautious due to the slow recovery.
SA’s corporates pour a lot of funding into the arts, but this can become a double-edged sword, as was the case with Swaziland’s Bushfire Festival.
Banks on Tuesday welcomed Finance Minister Pravin Gordhan’s decision to make the banking sector more competitive through transparency.
New commodity warrant allows you to trade your views on platinum and the rand, but it is not for faint-hearted
With more than 500 000 unique phishing sites identified, Standard Bank is providng free software to protect its customers.
Businessman claims that Standard Bank and MTN infringed the patent on his firm’s transaction authorisation system.
MTN and Standard Bank face a claim of close to R1-billion for infringement of technology patents in their MTN Banking joint venture, it was reported.
Standard Bank sees key markets stabilising and forecast a recovery in earnings after posting lower 2009 profit due to rising impairments.
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/ 18 February 2010
Standard Bank expects to report about a 20% decline in full-year normalised headline earnings per share, it said on Thursday.
A quick turnaround in the housing market was ”improbable”, Standard Bank said on Thursday as it released its latest Residential Property Gauge.
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/ 11 September 2009
Standard Bank, Africa’s top bank by assets, has signed a -billion loan facility with four major Chinese banks in Macau, it said on Friday.
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/ 10 September 2009
Standard Bank Group expects its profit in China to double next year, benefiting from the growing economic ties between Africa and China.
Standard Bank bought a third of Russia’s number two investment bank, Troika Diago, in an asset swap and cash deal on Thursday.
Standard Bank reported a 1,9% dip in annual headline earnings per share in line with its own forecast and declined to give a firm 2009 outlook.
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/ 28 January 2009
Troika Dialog is in talks to sell a 30% stake in itself to South Africa’s Standard Bank through a new share issue, a media report said on Wednesday.
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/ 20 January 2009
South African residential property put in its worst performance in 12 years, the Standard Bank said on Tuesday.
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/ 9 December 2008
All the odds seem to be heavily stacked against South Africa’s goal of halving unemployment by 2014, industry players said late on Tuesday.
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/ 3 December 2008
Chinese mining firms are gearing up to take advantage of the global downturn and seek M&A mining deals at bargain prices next year.
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/ 3 December 2008
Standard Bank has been recognised for its key role in emerging markets by winning 10 awards, including the prestigious African Bank of the Year title.
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/ 30 October 2008
Banking Crisis: Maya Fisher-French looks at how the global meltdown affects your pocket.
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/ 29 September 2008
The Financial Sector Charter is turning banks into developers, writes Maya Fisher-French.
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/ 24 September 2008
Mobile banking has not yet transformed the unbanked but successes are notching up with the right strategies in place, writes Maya Fisher-French
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/ 1 September 2008
An index tracking median house prices in SA fell 1,8% in August from a year earlier as tough financial conditions continued to weigh on the sector.
Standard Bank achieved what it called ”satisfactory” results in the first half of 2008, it said on Wednesday.
For four months now Sihle Mavimbela has had to spend R14 on taxi fare each time he needs to draw cash from an automated teller machine.
The residential property market was unlikely to escape its difficulties in the near term, essentially due to the state of household finances.
The all-share index has been buoyed by resources, but there is no hiding the carnage.
South African firms are resisting the urge to pull out of Zimbabwe despite an increasingly hostile business climate.
SA banks have not been discouraged by the ongoing spate of bombings of ATMs and will continue to provide financial services in remote areas.