READ IN FULL: The Competition Commission's case against the banks
About 16 banks manipulated the foreign exchange market
The Competition Commission’s will prosecute major local and international banks for manipulating the foreign exchange market. The Treasury saying on Thursday that it pointed to poor market conduct practices at the offending institutions.
The 16 banks that were investigated included Absa, Barclays, Standard Bank and Investec and a host of international institutions.
Read the full report: The Competition Commission's case against the banks