Banking

Fraud remains a big problem for banking customers

Although banks appear to be making greater efforts to resolve some types of consumer disputes internally, banking fraud related to current accounts and internet banking remains high on the list of complaints to the Ombud for Banking Services South Africa (OBS).

FICO Survey: Nearly Two-Thirds of South Africans Say Friends or Family Have Been Scam Victims

The OBS champions consumer financial protection within the banking industry

The need for trust within the banking sector has, in recent years, never been more important than it is today.

Bank Sub-debts write downs within regulatory boundaries outlined by Basel 3

Rashaad Tayob, multi-counsel Portfolio Manager of the Nedgroup Investments Stable Fund and a member of the Foord investment team, says regardless of the noise in the media following the banking collapses, the subordinated debt written down by the banks has fulfilled the role that it was intended to and is within regulatory allowances.