Barclays
latest news & developmentsMajor shift in African banking
As foreign banks retreat from the continent, local lenders are stepping up to fill the gap
Absa’s Arrie Rautenbach long game can’t save bank from transformation critics
Rautenbach’s retail track record put him in good stead — and inadequate succession planning helped too
Big banks under pressure to end fossil-fuel finance
Shareholder engagement on climate-crisis risks is an proving effective tactic to bring about change
International case may set precedent in rand-rigging battle
Standard Chartered pleaded guilty to currency manipulation (which included the rand) between 2007 and 2013
Competition commission resolute in bank collusion hearings
Despite sustained attacks from banks in the forex hearings, the Competition Commission remains confident of its case
Is Absa’s new coat of paint enough?
Analysts say the rebranded banking giant needs more than just a fresh logo to regain market share
ABSA parent Barclays Africa Group drops KPMG
Barclays Africa Group announced that it is cutting ties with beleaguered firm KPMG as its joint auditors
Keep an open mind on the land debate: Maria Ramos
The land debate has to be approached calmly and responsibly says Barclays Africa Group chief executive Maria Ramos.
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"
Barclays Africa apologises for its role in rand-fixing
The bank’s South African unit, Absa, says the Competition Commission is not seeking any administrative penalty against it.
Investors shun banks’ good news
The ‘big four’ are faring well in tough times yet their shares remain cheap, confounding analysts.
SA looks set for ‘stay of execution’ on downgrade
It appears that South Africa’s rating downgrade has been postponed until December – but is inevitable regardless, say some economists.
Motsepe eyes Barclays Africa stake
Mining tycoon Patrice Motsepe reportedly has his sights set on being a major player in the banking sector.
Barclays to sell down Africa stake after profit drops 56%
The bank has plans to deconsolidate Barclays Africa Group, which Absa is a part of, and intends to sell down its 62% stake in the business.
Barclays to sell Africa operations
Given the deterioration of the continent’s prospects, the question is who would want to take over the bank’s 62% stake in JSE-listed Barclays Africa.