Barclays Africa wins R12.8bn fee

CEO Maria Ramos plans to use the ‘divorce’ payout for rebranding and investing in operations outside SA

2 days ago
Barclays Africa’s Maria Ramos apologises for bank’s role in rand rigging

CEO Maria Ramos says Barclays alerted the Competition Commission about the practice after suspending two traders

2 days ago
Standard bank has not yet suspended anyone after rand-rigging revelations

The bank says it is talking to the Competition Commission about its investigation into co-ordinated trading in the rand and dollar

2 days ago
Barclays in UK will pay billions towards cost of separation from Absa

The UK principal has agreed to pay a total of £765m to cover three expenses involved in the separation from its unit in SA

3 days ago
Maria Ramos mum on imminent announcement from Absa’s UK parent

Barclays Africa CEO says the group has completed a three-year plan to transform itself into a standalone pan-African bank

3 days ago
Cheating banks face highest penalties

Commissioner Tembinkosi Bonakele threatens maximum penalties for banks involved in colluding in currency trades to manipulate the value of the rand/dollar ...

4 days ago