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Irish case casts doubt on EU bank’s stress test
Doubts were raised about whether the Europe-wide "stress tests" of more than 90 banks published in July had been thorough enough.
BANKS
ANC Youth League moots state bank
African National Congress Youth League spokesperson Floyd Shivambu called for the creation of a state bank on Thursday.
Banking on change
The government has signalled a new relationship with the country’s major banks.
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Shoprite lashes out at banks over system failures
Shoprite on Friday took issue with banks over "intermittent system failures in the country’s national electronic payment system [EPS]".
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How to qualify for a 100% home loan
Banks are offering zero-deposit mortgages again, but only if you are a “good” customer. Maya Fisher-French looks at how to ensure that you qualify.
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All banks on board
The financial crisis has highlighted the importance of quality bank training for staff and all levels of management.The crisis is a major wake-up call
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Jobs slowdown, China overshadow market rally
The effect of the financial crisis on major economies was brought into focus on Monday, though markets rallied at the start of the week’s trading.
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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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World stocks mixed amid recession fears
Global stock markets traded mixed on Thursday amid recession fears as Wall Street rose and Europe fell for a second day running.
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US to pump $250bn into banks
The United States pledged on Tuesday to pump -billion into its banks, following similar action in Europe, though a threat of recession remained.
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SA retail banks feel the strain
Retail banks continue to feel the strain of burdened consumers, the latest Ernst & Young bank index released on Tuesday indicates.
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UK bails out banks with £37bn
Britain bailed out three major banks with £37-billion on Monday as governments around Europe boosted confidence in the battered industry.
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EU leaders close in on finance battle strategy
Fifteen European leaders closed in Sunday on a joint strategy to end the haemorrhaging of market confidence.
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UK banks ‘set to unveil bailout plans’
Major British banks are likely to announce their plans to recapitalise early on Monday.
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Without real leadership, we face financial disaster
A lethal new threat is emerging at the dark heart of the financial system, writes Will Hutton.
Biting the bullet
Bold, comprehensive and at times surprising, the UK’s bail-out plan for partial nationalisation is just what the system needed, writes Will Hutton.
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US to invest directly in banks
The US government plans to invest directly in US banks for the first time since the Great Depression, says Treasury Secretary Henry Paulson.
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World finance chiefs seek solutions in firestorm
Global finance chiefs gathered in Washington for crisis talks on Friday as panic spread in global financial markets.
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Iceland’s biggest bank taken over
Iceland seized control of its biggest bank on Thursday to try to shore up its listing financial system, and halted all trade on its stock market.
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World govts rush out financial emergency plans
Governments rushed out new emergency measures in a desperate bid to stop the haemmorhaging of confidence on Thursday.
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Stock markets soar on US plan for banks
Global stock markets roared higher on Friday on news of a possible United States government plan to rescue banks from toxic mortgage debt.
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SA banks weathering the global storm
South African banks have little direct exposure to the United States mortgage-backed securities market, says Reserve Bank Governor Tito Mboweni.
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Standard Bank releases ‘satisfactory’ results
Standard Bank achieved what it called ”satisfactory” results in the first half of 2008, it said on Wednesday.
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End of Go Banking a ‘missed opportunity’
The planned closure of Nedbank’s Go Banking is a "missed opportunity" for consumers, says <i>Justmoney.co.za</i>.
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Nedbank reports increase in earnings
Nedbank Group has reported a 6,8% increase in diluted headline earnings per share from 673 cents to 719 cents for the six months ended June.
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Banks ‘sabotaging’ Financial Sector Charter
Banks are sabotaging the over broad-based black economic empowerment standards, the charter council says.
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Absa delivers to the unbanked
People with irregular incomes can now access an inexpensive debit card for a one-off fee of just R30 and no ongoing management fees.
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Pretoria bank robbery ends in high-speed chase
A gang of eight armed men robbed a Nedbank branch in Pretoria on Thursday, police said, after which followed a high-speed car chase.
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Inflation and interest rates bite
The effects of higher interest rates and inflation cannot be underestimated, writes Maya Fisher-French.
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Banks and their cash are hard to part
Though banks are required to refund customers who booked Nationwide tickets using their credit cards or debit cards, this has not always happened.
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Banks not yet deterred by costly ATM blasts
SA banks have not been discouraged by the ongoing spate of bombings of ATMs and will continue to provide financial services in remote areas.
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Phone your bank now
Debt: Combined with higher fuel and food prices, middle-income earners have hit a wall — and further interest rate hikes have not been ruled out.
