Standard Bank Group may make further writedowns of about $80m on the value of aluminum stockpiles entangled in a Chinese fraud investigation, two fund managers said.
Standard Bank Group is a global bank with African roots. It is South Africa's largest bank, distinguished by its extensive operations in 17 African countries.
Goldman Sachs and HSBC were sued in New York over claims they conspired for eight years to manipulate prices for the precious metals platinum and palladium in what plaintiffs’ lawyers say is the first class-action lawsuit of its kind in the U.S.
The Financial Conduct Authority (FCA) has fined Standard Bank £7,640,400 for failings relating to its anti-money laundering (AML) policies and procedures over corporate customers connected to politically exposed persons (PEPs).
The end of the dream.
there's not much exotic about a fine.
Jacko Maree, 57, is stepping aside as Group Chief Executive of Standard Bank Group (SBG) after more than 13 years at the helm of Africa's largest bank.
In or out ?
Given the challenging global economic climate and evolving regulatory regime for banks, Standard Bank Group's Corporate & Investment Banking business (CIB) is continuing to right size its international operations.
Here's a few links to some interesting Bloomberg, BBC, Daily Telegraph, New York Times and Reuters stories currently doing the rounds.
Here's an oldie for a Friday.
Speculation is already mounting about the firms that are likely to pay the most 'doughnut' bonuses (i.e. nothing) to staff this year-end.
It was our most popular Best Place to Work poll yet, with in excess of 210,000 votes cast overall.
Mark Fox has joined Standard Bank’s Fixed Income and Currency (FIC) Sales team in the Global Markets division as Head of London Buyside. He will be based in London.
Jefferies & Co.
It's not only bonus payouts financial markets professionals are thinking about at the moment - it's also their job security.
Standard Bank Group has recently appointed Michael Starke, as a research analyst, to the growing Mining and Metals team.