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HSBC has reportedly asked some managers to reapply for their jobs as part of a cost-cutting restructure. Bloomberg reported Monday that hundreds of senior staff will likely lose their jobs.
This is a list of commercial banks and other credit institutions in South Africa, as updated late 2024 by the Reserve Bank of South Africa. [ 1 ] [ 2 ] List of commercial banks
First National Bank (South Africa) Indo-Zambia Bank Limited; Zambia Industrial Commercial Bank; International Commercial Bank; Investrust Bank; Stanbic Bank; Standard Chartered Bank (Zambia) United Bank for Africa [114] Zambia National Commercial Bank
In 2018, HSBC was fined 15 million rand by South Africa's central bank for weaknesses in its processes meant to detect money laundering and terrorism financing, though it also added that HSBC was not found to have facilitated any transactions involving money laundering or the financing of terrorism in South Africa. [200] In 2020, HSBC told ...
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HSBC has said it will cut senior banker roles over the coming months in a bid to reduce costs after revealing a nearly 10% jump in profits. Chief executive Georges Elhedery said the banking giant ...
United Bank for Africa: 24.256 18 First Bank of Nigeria: 23.631 19 Commercial Bank of Ethiopia: 22.711 20 QNB Al Ahli: 19.515 21 Banque du Caire: 16.365 22 Arab African International Bank: 15.345 23 Mauritius Commercial Bank: 14.479 24 Guaranty Trust Bank: 14.401 25 Banque de l'Agriculture et du Développement Rural: 13.300 26 KCB Group: 12.594 27
HSBC is aiming to expand its emerging market business, including its existing presence in South Africa. In the first six months of the year, HSBC posted pre-tax profits of $11.1 billion.