The role of central banks is changing: What South Africans should look out for
The 2008 financial crisis exposed major gaps in central banks’ operations. New features like quantitative easing have since emerged.
Banking Crisis
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Global slump may retard Africa’s growth
As the economic clouds darken over Europe and the United States, there are concerns a double-dip recession in the West could cast a shadow over Africa
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And the first bailout goes to … Dexia
Dexia has become the first casualty of the 2011 banking crisis, with its Belgian arm being bought, providing a €90-billion guarantee for its financing
European Parliament votes for Robin Hood tax
Legislators call for a €200-billion-a-year financial transactions tax to be levied on banks to discourage speculative trading.
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‘Stress tests’ to show health of US banking sector
Details on stress tests measuring how well US banks will weather difficult economic conditions are to be disclosed to promote investor confidence.
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Japan megabank to cut 1 000 jobs
Japan’s biggest bank Mitsubishi UFJ Financial Group said on Monday that it would cut 1 000 jobs and close 50 branches over three years.
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Ex-heads of bailed-out UK banks ‘profoundly sorry’
The former heads of banks bailed out by the British state gave unreserved apologies on Tuesday for their conduct, and agreed changes to the bonus system were needed. The deposed senior executives from the Royal Bank of Scotland (RBS) and HBOS apologised to lawmakers for the “turn of events” that led to their institutions being […]
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Did UK press play a role in banking crisis?
British lawmakers will quiz top financial journalists on Wednesday about whether they held any responsibility in the banking crisis.
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Second lifeline for UK’s troubled banks
Britain threw its troubled banks their second multibillion-pound lifeline in three months on Monday.
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Finance fallout brings banking backlash
Fallout from the global financial crisis grew in the real economy on Friday with job losses and a backlash against banking chiefs.
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Money market squeeze eases but fears persist
A squeeze on dollar funding has eased in Asia after cash injections, but reluctance to lend to South Korean banks underscored jitters.
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Senate agrees to vote on bailout, stocks rally
The US Senate will vote on Wednesday night on a new version of the -billion bailout package for Wall Street
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SA banks safe, for now, from financial storm
Banks in Africa’s biggest economy, South Africa, have so far been sheltered from the United States financial crisis.
