Euro bank notes

ECB launches new aid package to soothe effects of pandemic

By HAL WILLIAMS THE EUROPEAN Central Bank has launched a €750bn emergency package to buy government and company debt across the eurozone. The temporary purchasing scheme...
Queue outside a branch of Yes Bank

Yes Bank founder Kapoor arrested on charges of money laundering

THE head and founder of India's private Yes Bank, Rana Kapoor, has been arrested in Mumbai on charges of money laundering. His arrest comes just...
UK currency, pound stering

The jingle of coins and the rustle of banknotes: noises of the past?

By Hal Williams IT’S A CONFUSING time for cash in Britain — maybe even crunch time in the run-up to the Budget. The roll-out of limited...

Credit Suisse chief steps down over bank’s corporate espionage scandal

CREDIT Suisse CEO Tidjane Thiam has resigned after a boardroom battle over a corporate spying incident. Shares in Credit Suisse dropped four percent at news...
Mixed bank notes, pound, euro, dollar

IMF warns of debt ‘timebomb’ thanks to ‘cheap money’ borrowing policies

THE International Monetary Fund warns that low interest rates are encouraging companies to take on a level of debt that could become a “timebomb”. The...
Barclays Botswana Head Office and CEO

‘Flow like a river’ — Barclays CEO knows how to deal with all challenges...

BARCLAYS Botswana CEO Keabetswe Pheko-Moshagane is a pioneer: the first female Motswana (Botswana citizen) to be appointed to the role. “Our journey is a unique...
Unemployed Deutsche Bankers

Workers out on the streets as massive job cuts bite at giant Deutsche Bank

DEUTSCHE Bank is cutting thousands of jobs in London and New York, part of a radical plan to reduce its global workforce by 18,000. (Click...
UK currency, pound stering

Cash isn’t dead — yet — but report warns that its days are numbered

Remember jingling coins in your pocket, and folding crisp banknotes into your wallet or purse? According to a new report, pretty soon all you’ll...
Global Trade Finance

Seven international banks sign-up for global digital network for SME finance

CHEAPER and easier funding for corporates via a global digital network in trade finance: this is the goal of a Memorandum of Understanding (MoU)...
Islamic law

Sharia banking weaves moral fibre into the West’s oft-flawed system

No pork, no porn, no booze: this traditional Islamic take on finance and funding relies on ancient ethical codes — and ensures lender and...