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Financial Services

Zwane feels vindicated by bank collusion probe

Feb 17 2017 12:39

Mineral Resources Minister Mosebenzi Zwane says the probe into bank collusion “vindicates the call made last year for an investigation into the banks”.

Financial Services

Competition Commission names 'currency colluders'

Feb 17 2017 13:41

The affidavit filed by the Competition Commission regarding currency price fixing by banks names the alleged rogue traders implicated.

Financial Services

Business Leadership SA supports banks investigtion

Feb 17 2017 19:28

South Africa is founded on a free-floating currency and cannot be compromised by interference in the market, says Business Leadership SA, following banking collusion claims.

Financial Services

Absa let off collusion fine as it helped regulators - source

Feb 17 2017 08:22

Barclays (which owns Absa) won’t be targeted for fines by the Competition Commission because they co-operated with regulators, according to people familiar with the matter.

Financial Services

Bank probe timing couldn’t be worse amid Gupta blacklisting - expert

Feb 16 2017 12:00

The decision to prosecute 17 banks for foreign exchange collusion is badly timed for South Africa's top four banks, who are trying keep the moral high ground.

Financial Services

Price fixing: Rogue traders or bank collusion?

Feb 16 2017 08:54

The Competition Tribunal will need to establish whether bank collusion to manipulate foreign-currency trades was done by rogue traders or whether it was more widespread.

Financial Services

Price fixing: Punish guilty banks harshly, urges ANC

Feb 15 2017 20:36

The ANC has lashed out at banks accused of manipulating foreign currency trades, with the SA Reserve Bank saying it sees the allegations in a serious light.

Financial Services

Questions over timing of banks' collusion case

Feb 15 2017 18:15

The timing of the Competition Commission's price-fixing case involving 17 banks seems suspicious, according to the Democratic Alliance.

Financial Services

How banks allegedly colluded on currency trades

Feb 15 2017 16:33

This is what you need to know about currency trades and why the Competition Commission wants 17 banks prosecuted for collusion.

Financial Services

Competition Commission prosecutes banks for collusion

Feb 15 2017 16:08

The Competition Commission has referred a collusion case to the tribunal for prosecution against 17 banks, including three of South Africa's big banks.

Inside Fin24.com

 
Financial Services

Newly formed Arise makes two African banking investments

Feb 14 2017 17:35

Newly formed investment company Arise has recently made two investments into Africa's banking sector, one in Ghana and one in Uganda.

Financial Services

RBS said to plan more than $1bn of expense reductions

Feb 13 2017 10:45

Royal Bank of Scotland Group is preparing to cut more than £1bn of annual operating costs by eliminating jobs and closing branches as it seeks to bolster profitability.

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