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France fines 11 banks ¤385m for cheque fee fixingPARIS:The French competition authority has fined 11 banks including Credit Agricole and BNP Paribas a total of ¤384.9 million (¤1 = RM4.06) for collusion on setting cheque charges. The banks acted in concert to set interbank cheque fees on 80 per cent of cheques circulating in France between January 2002 and July 2007 as the system became computerised with the arrival of the euro, the authority ...
2010-09-21 - Business Times