Source: Law Daily Report (lawdailyreport.net)
When are they coming to account to SA Reserve Bank and our courts?
Standard Bank pleaded guilty to manipulating the rand not the dollar.... they must account to South African Courts...or Leave to the US
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Standard Chartered pleads guilty in New York to manipulating randThe Competition Commission has said that Standard Chartered Bank has pleaded guilty to currency manipulation, including of the South African rand, citing a consent agreement between Standard Chartered Bank and the New York State Department of Financial Services. This happens when persons of questionable intergrity lead organisations. They will be cowboys who give the bottom line prime importance/consideration at all other costs. We saw that at Barclays with Diamond leadership.
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Standard Chartered to pay $40m fine for manipulating currencies including the randCompetition Commission says it will consider the effect of this on its own investigation into currency manipulation by banks operating in SA Only $40million? Please take note that Sim Tshabalala is the same guy who wrote a memo telling all his workers to attend the march of Zuma must fall and no work no pay will not apply. These are same people who blamed Zuma for all the financial woos. Now connect a dot why Zuma is not wanted About R520m
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Standard Chartered launches second phase of digital-only retail banks in AfricaThis is in response to growing consumer demand for innovative banking services on the continent.
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'Uber gang' members plead not guilty to rape and robbery chargesThe four men who allegedly used the Uber e-hailing app to rape and rob Johannesburg women have pleaded not guilty to the litany of charges against them.
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Rapper Tekashi 6ix9ine acknowledges gang membership and pleads guiltyBrooklyn rapper Tekashi 6ix9ine is cooperating with federal prosecutors after pleading guilty to multiple felonies and saying he joined a violent New York City gang and helped others try to kill a rival gang member.
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Rand inches up as offshore turmoil aids EM currenciesThe rand opened marginally firmer on Wednesday with investors treading water and awaiting developments in the Brexit saga and the US central bank’s decision on lending rates.
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It looks like deja vu for SA's fast-starting randAs if January’s potential record gain isn’t enough, the rand may be in for a positive February as well if history is any guide.
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#RandReport: Rand steady before Fed's policy decision, stocks downAt 1510 GMT the rand was trading at 13.6200 per dollar, little changed from a close of 13.6000 on Tuesday.
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Supreme Court clears multibillion-rand tyre recycling project Redisa of corruption chargesTyre recycling project was shut down after responsible minister alleged impropriety Justice served!
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