Fin24

ARTICLES RELATING TO BANKS

UK bankers' bonuses rise twice as fast

Bonuses for Britain's bankers and insurance workers have increased double the pace of those for the total workforce last year, data shows.
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Insurers can reject quake damage pay-outs

At least five insurers will not pay for damages to houses caused by the earthquake that hit the country if it has any links to mining, according to a study.
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British banks approve fewer home loans

British banks have approved fewer home loans in July than in June, as tighter rules on mortgages lending introduced in April took the heat off the housing market.

Capitec: the next Abil?

Capitec too faces headwinds but it's no disaster in the making, says an asset manager.
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Co-Op Bank loses customers after scare

Britain's Co-operative Bank has lost around 38 000 customers in the first half of 2014, following its near collapse last year and a drugs scandal.

Citigroup to sell its Japanese retail arm

Citigroup is eyeing the sale of its Japanese retail banking operations, more than a century after setting up shop in the Asian nation.

SA's banking sector is healthy - Sarb

The South African Reserve Bank has disputed Moody's decision to downgrade Standard Bank, FirstRand, Absa and Nedbank and put them on review for further cuts.
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Moody's cuts ratings of four more top banks

Moody's has downgraded the credit rating of Standard Bank, Absa, FNB and Nedbank after Capitec suffered the same fate.
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Capitec recovers after downgrade

In what could be seen as a vote of confidence in Capitec Bank, former CEO Riaan Stassen has bought 5 000 shares to the value of R1 025 000.
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Ecobank bets on Nedbank taking 20% stake

Pan-African lender Ecobank is expecting South Africa's Nedbank to convert a $285m loan to shares in Ecobank before the end of the year.
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Britain's EU exit could spark banks exodus

Some Wall Street banks are drawing up preliminary plans, including moving some London-based operations to Ireland, to deal with Britain's possible EU exit.

UK's Serious Fraud Office probes loan schemes

The Serious Fraud Office is looking into allegations of high street banks misusing government schemes designed to boost lending to small businesses.

Capitec slams Moody's downgrade

Capitec Bank says the decision by Moody’s to downgrade the bank is a mistake and a kneejerk reaction to the African Bank fiasco.
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Abil distances itself from Sokutu comments

Abil and its curator Tom Winterboer have distanced themselves from remarks by former bank employee Tami Sokutu.
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Winterboer mum over Abil borrowers

The curator handling African Bank Investments, Tom Winterboer, says he can't comment about reports that Tami Sokutu put the blame on borrowers for their predicament.
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