Major Payment Problems at RBS

The problems at RBS with its payment systems will have sent a tremor through many other banks. It exposes the extent to which their legacy systems and processes are often only an incorrect update or inexperienced operator away from collapse. Held together by the...

SA Banks Healthy but Eurozone Shadow Looms

Reserves, profits and loans are on the rise but eurozone uncertainty is casting a pall over the future in South Africa, argues Lisa Steyn. While the world watches anxiously as bankers in the eurozone sweat to prop up the ailing European financial system, South...