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Banking & Finance
Banks Face Off For Facebook IPO
This year has been lackluster for Wall Street bankers. But next year, there’s Facebook Inc.
US$100m fund for RBZ
The Zimbabwean government through the Ministry of Finance has announced a $100 million fund to be availed for the Reserve Bank of Zimbabwe (RBZ) to carry out its function...
Stanchart launches mobile banking
Global banking giant Standard Chartered Bank’s local unit has introduced a mobile banking platform for its clients in conjunction with Telecel Zimbabwe.
Nedbank CEO upbeat on SA banks
Nedbank CEO Mike Brown said last week that SA’s banking sector remained largely unshaken by the turmoil in Europe although the spectre of a double-dip recession could a...
Standard Bank sues Saudi billionaire
Standard Bank has sued Saudi billionaire Mohamed bin Issa al Jaber for $150 million (R1.21 billion) in a London court, saying loans made to firms in his MBI International...
‘Deutsche Bank unit to cut 270 jobs’
Deutsche Bank AG unit BHF told staff it will shed 270 jobs, two sources close to the bank said, as the parent company struggles to sell the unit.
Kingdom raises $2.5 million
Kingdom Financial Holdings Limited (KFHL) $4, 5 million rights issue was 55, 6 percent subscribed, raising $2.5 million.
Standard bank targets Nigeria
Standard Bank planned to expand its operations in Nigeria, Kenya and Angola to reduce its reliance on South Africa, where growth was slowing, according to chief executive...
Stanbic voted best bank in Zim
Stanbic Bank Limited has been voted the best bank in Zimbabwe in the 2011 edition of the Europe Middle East Africa Awards.
BoA cuts 2011 SA growth forecast
Bank of America/Merrill Lynch SA has lowered its 2011 GDP growth forecast to 3.1% from 3.2%, and that for 2012 to 3.5% from 3.8%.
StanChart's private bank eyes onshore presence in Africa
Standard Chartered has set up an onshore presence in Kenya for private banking and wants to grow that business in other parts of Africa, its head of private banking said ...
Africa a potential jackpot for SA banks
Up to 90% of Africa’s people do not have access to banking services. With almost a billion potential clients living on the continent this holds enormous potential - and...
Foreign banks remain defiant-Kasukuwere
Indigenisation minister Saviour Kasukuwere says his ministry had made considerable progress with regards to the financial services sector while some multi-national ...
Last Updated ( Thursday, 29 September 2011 18:23 )
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