ARTICLES RELATING TO BANKS

Delays in nuclear projects drive costs - expert

2017-02-22 07:01

Nuclear power plants operate cheaply and efficiently. However, it is the construction of the plant which has the greatest bearing on the high costs, says an expert.

Commissioner grilled on banks collusion, impact on rand

2017-02-21 12:02

Although the rand is one of the most traded currencies in the world, there is no evidence yet that banks' collusive practices influenced its value, says the Competition Commissioner.

Citibank to pay R69.5m in rand rigging scandal

2017-02-20 16:32

Citibank has agreed to pay an administrative penalty of R69.5m for being part of the forex trading cartel.

What's the harm?

2017-02-19 06:02

Contrary to popular belief, the collusive damage wrought by 17 banks may be relatively minor.

Competition Commission names 'currency colluders'

2017-02-17 13:41

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

Mcebisi Jonas takes on Ajay Gupta over Saxonwold meeting

2017-02-17 10:03

Deputy Minister of Finance Mcebisi Jonas has taken on Ajay Gupta in a replying affidavit dispelling an allegation that he lied about a 2015 meeting that took place with the Guptas.

Why state-run bank will be a disaster

2017-02-16 20:24

The idea of a state-controlled bank smacks of ulterior motives, cautions civil rights group OUTA.

Price fixing: Rogue traders or bank collusion?

2017-02-16 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.

Govt doesn't want to collapse banking system - Cwele

2017-02-15 19:46

The ANC-led government does not want to collapse the banking system, but rather reform it to provide access to previously disadvantaged South Africans, Parliament has heard.

How banks allegedly colluded on currency trades

2017-02-15 16:33

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

 

Credit downgrade could increase cost of nuclear - expert

2017-02-21 20:00

Losing the investment grade rating could make nuclear power more expensive, cautions an industry expert.

Rand collusion: Citibank vows to tighten processes

2017-02-20 21:00

Citibank is pleased after agreeing to a penalty of almost R70m to settle a probe accusing the US bank of participating in an alleged cartel to manipulate the value of the rand.

Collusion case strengthens Zuma's hand in battle with banks

2017-02-20 09:13

A finding by the Competition Commission that 17 banks colluded to rig foreign-currency trades will bolster accusations that banks are monopolising the financial system.

Business Leadership SA supports banks investigtion

2017-02-17 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.

Zwane feels vindicated by bank collusion probe

2017-02-17 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”.

Absa let off collusion fine as it helped regulators - source

2017-02-17 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.

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

2017-02-16 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.

Price fixing: Punish guilty banks harshly, urges ANC

2017-02-15 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.

Questions over timing of banks' collusion case

2017-02-15 18:15

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

Competition Commission prosecutes banks for collusion

2017-02-15 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.

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