WASHINGTON: The US Senate on Wednesday approved a revised $700 billion bailout plan, which will authorise the US government the largest financial intervention since the Great Depression. 2 Oct 2008
Pigheadedness and politicking cost American taxpayers $1.1 trillion from their savings and retirement funds yesterday and the cost to the world's economies will be much greater than it need be if a package isn't passed soon - without watering down. 1 Oct 2008
The current global economic environment is cause for concern for all of us, according to North West Premier Edna Molewa, who says South Africans are in for a tough time. She said while it was expected that the value of houses in South Africa would decline, the high cost of living was making it difficult for owners to make their monthly bond payments. 30 Sep 2008
For much of the last decade, AIG was the shining star in the insurance industry. Last week this all changed, when a liquidity crisis at the company forced the US government to intervene. 26 Sep 2008
Markets plunged almost immediately following the news of the resignation of cabinet members on Tuesday, including Finance Minister Trevor Manuel and his deputy Jabu Moleketi, with the All Share dropping 4% and the rand giving up 25 cents to the dollar. 23 Sep 2008
Markets remain calm and almost unperturbed by the announcement of the resignation of President Thabo Mbeki delivered in a televised address on Sunday evening, say economists. 22 Sep 2008
USA: In a week that has cleaved once-mighty Wall Street institutions asunder, no market is safe from panic-induced losses, and that includes the technology sector. 19 Sep 2008
For all the hundreds of millions of dollars US short-term insurance companies spend on advertising their car insurance policies, they're not getting a very high conversion rate. 18 Sep 2008
The US Federal Reserve announced on Wednesday that the Federal Reserve Bank of New York will lend an 85 billion dollar-bridge-loan to American International Group Inc. (AIG) to save the country's biggest insurer from bankruptcy. 17 Sep 2008
The dramatic downward spiral of events in New York have continued to reshape the global financial system. 16 Sep 2008
Retail banks can see the benefits of technologies that enable a new, more customisable and interactive internet experience could bring to their online offerings, but fret about their security implications. 11 Sep 2008
Nedbank is pioneering a service that will enable the public to make internet-based Maestro and Electron debit card transactions safely. 10 Sep 2008
South African Reserve Bank Governor Tito Mboweni will complete his current term of office which ends in August next year and will stay on if the new government asks him to continue in his position. 2 Sep 2008
Price increases in food, fuel and electricity as well as transport have pushed July's Consumer Price Index excluding interest on mortgage bands (CPIX), to an all-time high of 13% year-on-year (y/y). 27 Aug 2008
Absa, in collaboration with Intel Corporation and Microsoft, has developed a PC and notebook finance package, aimed at tertiary education level students. The intention is to enable students to have access to affordable finance for purchasing a new PC or notebook computer for use in their studies. 27 Aug 2008
Indebted South Africans can temporarily breathe a sigh of relief with the announcement that the repo rate will remain unchanged. 15 Aug 2008
Many economists are predicting the interest rate will remain unchanged when the Monetary Policy Committee (MPC) meet on Wednesday and Thursday to review current monetary policy, but it will be a close call. 13 Aug 2008
Nedbank has announced it will be integrating Go Banking into its core offering. Go Banking has been run as a separate business in association with Pick n Pay since 2002. 12 Aug 2008
Banks are sounding an alarm over what they fear will be an avalanche of loans turning sour followed by company liquidations. 12 Aug 2008
The national campaign to promote the second phase of Nedbank's AskOnce programme, which is reportedly resonating with consumers who battle to get good service from their bank, has seen the company launch five additional service promises. 4 Aug 2008
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