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Banking & Finance News

CheckFree's Remote Deposit Capture system in the United States has some hurdles to clear even though in the long run the technology will be a boon to consumers, said Ed Kountz, a senior analyst with JupiterResearch. However, "over the short term, of course, it allows the consumer to basically deposit a check, as long as you have a scanner, a PC and an Internet connection, and that's certainly a positive." 11 Feb 2008
According to a trio of reports by a leading data, analysis and forecasting company in the UK, money managers may be sleepwalking through a significant market downturn. 7 Feb 2008
Teba Bank has opened its new branch, in Westonaria – and the opening also marked the launch of a new vision as well… to broaden the client base. 6 Feb 2008
The inability to aggregate an organisations' overall risk position allowed a failing of credit risk principles in a relatively small section of the US housing market, to spill into a wider liquidity risk for global wholesale finance markets. This is according to a new report, “The Evolution of Enterprise Risk Management”, by independent market analyst Datamonitor. 6 Feb 2008
The Reserve Bank of Zimbabwe (RBZ) has launched a bid to resuscitate use of international credit cards, saying the country had lost a significant amount of foreign currency after local banks abandoned provision of the service to foreign visitors due to an economic crisis now in its ninth year. 5 Feb 2008
Indebted South Africans can breathe easier for the next two months, as the repo rate remained stable at 11%. 1 Feb 2008
Business Unity South Africa (BUSA) has welcomed the decision by the Reserve Bank to leave interest rates unchanged at this stage. 1 Feb 2008
Daniel Bernard, general manager for Wall Street Journal Online, said the "SeenThis?" feature will be opt-in only, meaning it won't start up unless the viewer expressly asks it to, and users can opt out any time. SeenThis will allow readers to see which Journal stories are popular among that user's Facebook friends. 1 Feb 2008
South Africa's Consumer Price Index excluding mortgage rates (CPIX) has increased by 0.7 of a percentage point to 8.6% on year-on-year for December, according to Statistics South Africa (Stats SA) on Wednesday, 30 January 2008. 30 Jan 2008
Global knowledge meets local expertise
A leading South African provider of financial derivatives to retail investors, Global Trader, has announced it is entering into a strategic alliance with Merrill Lynch for the provision of a world-class electronic trading, research and other services platform to South African retail clients of Global Trader. 25 Jan 2008
A new study reveals that a million Australians only make the minimum payment on their credit card each month. 25 Jan 2008
This US study shows how some top performers are adapting to target the lucrative mass affluent market. 24 Jan 2008
The furniture retailer disappears from the JSE after 37 years. 23 Jan 2008
Hundred of millions of people use Web mail, which is why in many ways e-mail is more important to keep secure than your bank account. Many people have important online accounts tied to a single Web mail address. If anyone gained access to your e-mail account, all accounts associated with it could be compromised as well. 22 Jan 2008
Faith in the Zimbabwe dollar has withered in rural areas where the local currency is being sidelined in favour of foreign exchange and barter trade. 21 Jan 2008
The National Treasury has invited all South Africans to send in their tips to Finance Minister Trevor Manuel on what they think should be included in his Budget Speech next month. 18 Jan 2008
In a move that will give another banking and financial option to SA companies and individuals doing business in Tanzania, Groupe Bank of Africa has announced the opening of BOA Bank-Tanzania). 16 Jan 2008
It seems South Africans are far too lax when it comes to managing their finances. 10 Jan 2008
Consumers have been advised to borrow money responsibly and wisely, around this time of the year. 9 Jan 2008
The Competition Tribunal has approved African Bank Investments' buyout of Ellerine Holdings unconditionally, paving the way for the furniture retailer to delist on January 22. 24 Dec 2007
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