3rd Jul 2015 09:29
LONDON (Alliance News) - Competition authorities in Brazil are investigating fifteen of the biggest banks in the world over allegations that they colluded to influence benchmark currency rates in the South American country, Reuters reported on Thursday.
Cade, the Brazilian competition authority, allaged that banks' activity deterred competitors from the market for several years from 2007, the report said.
The banks named include London-listed Barclays PLC, HSBC Holdings, Royal Bank of Scotland Group PLC and Standard Chartered PLC, according to the report.
http://www.reuters.com/article/2015/07/02/us-banks-brazil-currency-international-idUSKCN0PC1RZ20150702
By Samuel Agini; [email protected]; @samuelagini
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