Arab Today, arab today antitrust watchdog launches probe into banks on interestrate rigging
Last Updated : GMT 06:58:51
Arab Today, arab today
Arab Today, arab today

Anti-trust watchdog launches probe into banks on interest-rate rigging

Arab Today, arab today

Arab Today, arab today Anti-trust watchdog launches probe into banks on interest-rate rigging

Electronics workers on a micrchip assembly line
Seoul - Yonhap

The South Korean anti-trust watchdog has launched an inspection on local banks suspected of colluding to fix interest rates, bank industry sources said Wednesday, a move insiders linked to the government's push for lenders to expand credit loans to small and midsized firms.
According to the sources, the Fair Trade Commission (FTC) dispatched officials starting Tuesday to four local banks -- Kookmin Bank, Hana Bank, Woori Bank and Shinhan Bank -- to examine their interest rates for lending and savings.

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