Once again, Western auditing and consulting firms shamelessly facilitated corruption on an international scale
The Competition Commission has 40 working days in which to redraft its case against banks
Online chat rooms were key to the way in which traders colluded to maximise profits.
They include Qatar, American pensioners and the Public Investment Corporation, but the sums are smallish – and payment may never happen.
Mining tycoon Patrice Motsepe reportedly has his sights set on being a major player in the banking sector.
Banks are struggling for liquidity, resulting in empty ATMs, as foreign banks now show signs of weakness alongside struggling local counterparts.
Given the deterioration of the continent’s prospects, the question is who would want to take over the bank’s 62% stake in JSE-listed Barclays Africa.
The investment firm has begun building what it hopes will be Africa’s premier financial service group.
The bank’s net income has risen to R12-billion from R10-billion last year.
In its full-year results, the Bank of Kenya said profit had declined by 13% on bad debt.
Barclays Africa is giving its tellers iPads and offering mobile apps to try to win back market share from Capitec, Standard Bank and Nedbank.
Traders have been found to have attempted to manipulate interest rate and foreign exchange benchmarks.
The growing middle class needs sophisticated banking, but analysts say it is not without risk.
Some analysts believe the bank’s One Africa policy makes sense but question if it can be done.
There have been sufficient numbers of rogue traders to warrant a page on Wikipedia that lists the most infamous scoundrels by name.
New details from the Libor scandal inquiry suggest traders working at three major European banks were heavily involved in rigging interest rates.
Terry Crawford-Browne says Jacob Zuma must appoint a commission of inquiry into Barclays Bank’s 2005 takeover of Absa and its link to the arms deal.
Jerry del Missier, who resigned from Barclays Bank, will face a select committee as the US considers launching a criminal inquiry into the scandal.
The Bank of England’s governor intervened to ensure that Bob Diamond vacated his post, writes Jill Treanor.
The Tories have seized on ideas that ministers gave Barclays the nod over its manipulation of interest rates, writes Nicholas Watt and Jill Treanor.
