Fri, December 13, 2024
[ Fri, Dec 13th 2024 ]: Finance & Commerce
Wells Fargo Center sells at reportedly steep discount
[ Fri, Dec 13th 2024 ]: CoinDesk
Michael Novogratz's Galaxy Appoints Former Point72 Exec as CFO
[ Fri, Dec 13th 2024 ]: AOL
Broadcom stock soars as company touts 'massive' AI opportunity
[ Fri, Dec 13th 2024 ]: Seeking Alpha
Alibaba: Why 2025 Could Be The Year Of Redemption
[ Fri, Dec 13th 2024 ]: MarketWatch
Fed's review of KeyCorp deal signals lighter touch on bank mergers by central bank
[ Fri, Dec 13th 2024 ]: Fortune
Bud Light gets more bad news as popularity continues to fall
[ Fri, Dec 13th 2024 ]: Kiplinger
RH Fell Short on Earnings But Its Stock Is Up. Here's Why
[ Fri, Dec 13th 2024 ]: Tuko
HELB Tourism Fund: Kenyan Govt Launches Revolving Finance for Wildlife Students
[ Fri, Dec 13th 2024 ]: AOL
Will Nvidia Be a $5 Trillion Company in 2025?
[ Fri, Dec 13th 2024 ]: The Nassau Guardian
AG: Nat'l Risk Assessment for AML/CFT regime completed, set for consultations
[ Fri, Dec 13th 2024 ]: businesstech.co.za
Godongwana lays out South Africa's G20 ambitions
[ Fri, Dec 13th 2024 ]: Business Line
Rekha Jhunjhunwala and RARE Enterprises-backed Inventurus Knowledge Solutions IPO enters Day 2
[ Fri, Dec 13th 2024 ]: Business Insider
Stock market today: Indexes end lower as tech slips and bond yields rise after PPI
[ Fri, Dec 13th 2024 ]: bnnbloomberg
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[ Fri, Dec 13th 2024 ]: Forbes
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[ Fri, Dec 13th 2024 ]: Delaware County Daily Times
Today in Delaware County history, Dec. 13
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[ Fri, Dec 13th 2024 ]: Moneyweb
GCR downgrades Sasfin Bank outlook, highlights regulatory risks
[ Fri, Dec 13th 2024 ]: Independent.ie
Bank of Ireland's app and online banking down as Christmas shopping reaches fever pitch
[ Fri, Dec 13th 2024 ]: Daily Express
Santander, Barclays, TSB and Halifax cut home loan rates ahead of Stamp Duty crunch
[ Fri, Dec 13th 2024 ]: The New York Times
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[ Fri, Dec 13th 2024 ]: China Briefing
China Expands Private Pension Scheme Nationwide Following Two-Year Pilot Program
[ Fri, Dec 13th 2024 ]: Seeking Alpha
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[ Fri, Dec 13th 2024 ]: Indiatimes
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[ Fri, Dec 13th 2024 ]: moneycontrol.com
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[ Fri, Dec 13th 2024 ]: The New Zealand Herald
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[ Fri, Dec 13th 2024 ]: Reuters
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[ Fri, Dec 13th 2024 ]: Business Recorder
Sri Lanka says Adani port project to continue despite US charges
[ Fri, Dec 13th 2024 ]: Mint
Bajaj Finance pivots to profitability with AI, scales back payments ambitions
[ Fri, Dec 13th 2024 ]: Yahoo Finance
Ahead of Trump's inauguration, Trump Organization expands its global business
[ Fri, Dec 13th 2024 ]: Business Standard
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[ Fri, Dec 13th 2024 ]: businesslive.co.za
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[ Fri, Dec 13th 2024 ]: MSN
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[ Fri, Dec 13th 2024 ]: moneycontrol.com
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[ Fri, Dec 13th 2024 ]: Arabian Business
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Thu, December 12, 2024
[ Thu, Dec 12th 2024 ]: NDTV
3 Indians Shine On Forbes' 2024 World's Most Powerful Women List
[ Thu, Dec 12th 2024 ]: Indiatimes
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[ Thu, Dec 12th 2024 ]: AOL
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[ Thu, Dec 12th 2024 ]: moneycontrol.com
UBS flags concerns over lenders; cuts targets on AU Small Finance Bank, Axis Bank, IndusInd Bank
[ Thu, Dec 12th 2024 ]: The Boston Globe
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[ Thu, Dec 12th 2024 ]: Reuters
Italian railways to woo investors for high-speed network spin-off
[ Thu, Dec 12th 2024 ]: Business Today
Stock recommendations by analyst for December 13: Mazagon Dock, Torrent Power and Tourism Finance
[ Thu, Dec 12th 2024 ]: Yahoo Finance
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[ Thu, Dec 12th 2024 ]: Trinidad Express Newspapers
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[ Thu, Dec 12th 2024 ]: The Daily Star
US lauds interim govt for qualitative changes in labour rights
[ Thu, Dec 12th 2024 ]: Drexel University
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[ Thu, Dec 12th 2024 ]: The Hill
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[ Thu, Dec 12th 2024 ]: Business Wire
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[ Thu, Dec 12th 2024 ]: MSN
S&U shares up despite market challenges and legal headwinds

GCR downgrades Sasfin Bank outlook, highlights regulatory risks

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The ratings agency cites concerns over strategic transitions and ongoing legal challenges impacting the bank's stability.
The article from Moneyweb discusses how Global Credit Ratings (GCR) has downgraded Sasfin Bank's outlook from stable to negative, while maintaining its national scale long-term issuer rating at A-(ZA). This downgrade reflects concerns over regulatory risks and potential fines related to anti-money laundering and know-your-customer compliance issues. Sasfin Bank has been under scrutiny by the South African Reserve Bank's Prudential Authority, which has led to the bank setting aside R180 million for potential penalties. Despite these challenges, GCR acknowledges Sasfin's strong capital position, good liquidity, and a robust risk management framework. However, the negative outlook is due to uncertainties around the regulatory outcomes and their financial impact on the bank.

Read the Full Moneyweb Article at:
[ https://www.moneyweb.co.za/news/companies-and-deals/gcr-downgrades-sasfin-bank-outlook-highlights-regulatory-risks/ ]