02/17/2017
The government will act against bank collusion, Jacob Zuma says
The President was commenting on the price-fixing scandal involving three of SA’s biggest banks — Standard Bank‚ Absa and Investec
02/17/2017
Standard Bank may have to pay R51bn fine over forex
But the implicated banks would have to pay much less if the fine were calculated on the turnover of their currency units, said Intellidex analyst Stuart Theobald
02/16/2017
The banks involved include Absa, Standard Bank, Investec, HSBC and Momura International plc.
02/16/2017
They did this allegedly by making fictitious sales to drive up demand and change prices‚ or agreeing not to trade for a period of time.
02/16/2017
It referred the case to an antitrust tribunal, concluding an investigation that began in 2015.
02/16/2017
Commercial Bank of Africa and the KCB Group have both partnered with telecom operator Safaricom to offer banking services.
02/15/2017
The new guidelines give the CBK a say on the amount of capital held by banks with regional operations in a move that may see large lenders seek additional funding.
02/15/2017
Commenting on the new certification policy which is expected to take off soon
02/13/2017
Kibati said the profit withdrawal notice had also been necessitated by a reduction in the level of impairment provisions
02/08/2017
The PCF is the equivalent of Kenya Deposit Insurance Corporation the deposit insurer for commercial banks, which compensates depositors when a bank collapses.
02/07/2017
The Inspectorate General’s Fraud Investigations Division is currently looking into a complaint concerning ECP Africa and Spencon.
02/07/2017
Insurance became more sophisticated in Enlightenment-era Europe.
02/06/2017
The National Treasury has accused county governments of operating "irregular bank accounts" where they have deposited huge amounts of money contrary to government regulations
02/06/2017
The new law caps interest rates on loans at no more than four per cent of the Central Bank Rate, which currently stands at 10 per cent, meaning banks cannot charge interest above 14 per cent.
02/06/2017
One of the businesspeople is linked to the Gupta family, whom President Jacob Zuma describes as friends.
02/02/2017
Barclays Africa branch targeted by ruling party protestors.
02/02/2017
Remarks for Conference on Cross-Border Banking and Regulatory Reforms
02/02/2017
The 2017 budget passed its second reading in parliament last week.
02/02/2017
They have supported the growth of individual countries with better products and services.
02/02/2017
In the recent past, we have witnessed the collapse of a number of private firms due to bad governance.