ZA
Sector: Corporate banking
Absa and unions at loggerheads over retrenchments
It is open war between the trade unions and Absa, South Africa’s largest retail lender. In the latest twist to a long-simmering feud, the union Solidarity is seeking an urgent injunction from the Labour Court to block mass lay-offs at Absa. The union accuses the bank of refusing to consult in violation of section 189 [...]
Nigeria’s healthy banks are hiring, while the rescued ones are downsizing
Nigeria’s banking sector is a tale of two very different worlds. The rescued institutions, massively undercapitalised, live under the shadow of a September deadline to complete the M&A process imposed by the reform-minded Central Bank and the very real threat of nationalisation or liquidation. “The regulators are moving closer to full resolution of Nigeria’s banking-sector [...]
Barclays relocating Dubai-based staff to South Africa
Barclays Africa headquarters in Dubai is disbanding and staff are being given an ultimatum: redundancy or relocate within Barclays, ideally to the new HQ in Johannesburg, South Africa. It’s a choice few would envy at this precise moment. The Johannesburg HQ will open on 1 July, 2011, but Barclays said all the 123 back office [...]
This is where you should be working, bank by bank, market by market
If you aspire to work for a bank that’s the global market leader in your product area, but for some reason are ignorant as to which bank that is, we have the answers. Derived from figures from analysts at JPMorgan, who last week released a detailed analysis of each banks’ revenues, by product, for 2010 [...]
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