Standard Chartered bank

Standard Chartered’s rand manipulation admission sparks extensive banking investigation

By Ragheema Mclean Earlier this month, the Competition Commission of South Africa imposed a R42 million fine on British multinational bank, Standard Chartered Bank (SCB), following its admission of involvement in currency manipulation. The commission revealed that SCB had engaged in manipulating the USD/ZAR currency pair through various means such[…]

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HSBC closes accounts linked to Guptas

HSBC has revealed it’s closed accounts of companies linked to the Guptas. The bank is investigating its possible relationship with the controversial family. Last month UK labour MP and anti-apartheid activist Peter Hain urged authorities to probe HSBC and Standard Chartered bank for billions thought to have been laundered through[…]

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