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.
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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.