MOODY’S Investors Service has today downgraded to Baa2 from Baa1 the foreign-currency long-term issuer ratings of two South African development finance institutions, Development Bank of Southern Africa (DBSA), and Industrial Development Corporation of South Africa (IDC).
GHANA’S Agricultural Development Bank (ADB) has trained owners of Small and Medium-Sized Enterprises (SMEs) at a capacity building workshop aimed at boosting the financial literacy and efficiency.
A full-blown inquiry into the dominance of Britain’s biggest banks in personal current accounts and small business lending has been launched by the sector’s UK regulatory watchdog as it seeks to boost competition on the high street.
CYBERCRIMINALS are stealing twice as much money from bank accounts as the banks actually report, MPs were told yesterday, as Britain’s elite crime-fighting agency admitted that financial fraud statistics were as good as useless.
BANK deleveraging in central, eastern and south-eastern Europe (CESEE) slowed in the second quarter this year but credit growth remains subdued, according to a new report from the Steering Committee of the Vienna Initiative.
ROYAL Bank of Scotland has signed a poacher-turned-gamekeeper agreement with the City of London Police to provide free training and advice on financial crime.
Second-biggest investor in emerging markets bank backs chief despite big share price fall from £20 in 2010 to £9.50 last week PETER SANDS, the beleaguered chief executive of banking giant Standard Chartered, received public backing this weekend from the lender’s second-largest shareholder.
ORGANISERS of the 13th edition of Ghana Banking Awards have adjudged Access Bank as the Bank of Year for 2013, leaving rivals to chase their shadows.
US authorities have reopened an investigation into Standard Chartered to determine whether the UK bank hid transactions that flouted sanctions laws as it was settling a related action two years ago, people familiar with the matter said. The inquiry is a blow for StanChart and its embattled management team. Peter Sands, one of the longest […]
STANDARD Bank Group, Africa’s largest bank by assets and earnings, has been ranked 19th in the Bloomberg Markets World’s Greenest Bank Report.
