South African banks cleared against currency manipulation allegations
The Competition Appeal Court of South Africa has dismissed a high-profile case after the Competition Commission accused 28 major banks, including Standard Bank, Nedbank and FirstRand, of colluding to manipulate the dollar/rand foreign exchange rate in 2015. Also read: Two South African banks recognised among best in world The court’s ruling was handed down yesterday, 8 January, clearing all but … Continue reading South African banks cleared against currency manipulation allegations
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