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ARTICLES RELATING TO BANKS

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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Ex-African bank boss not remorseful

A former African Bank executive, Tami Sokutu, has turned his back on those drowning in debt due to easy loans from the bank.
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Sarb defends Capitec after downgrade

Ratings agency Moody’s has downgraded Capitec Bank, citing a lower likelihood of support from the SA Reserve Bank following the African Bank fiasco.
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Absa ditches African Bank investments

Absa Bank says it has removed all African Bank Investments Limited investments from its Absa Money Market Fund to provide certainty and confidence to investors.
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Hedge fund manager banks R100m on Abil

A local hedge fund manager explains how he made R100m profit on African Bank Investments.
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