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FRANCE-BANKING-COMPETITION-FINE
People walk by the French bank HSBC on September 20, 2010 in Paris. France's competition authority said today it had fined 11 big French banks 384 million euros (503 million dollars) for colluding to fix a commission they charged for handling cheques. The banks in 2002 introduced a 4.3 euro cents commission per cheque, arguing that it was necessary to compensate for a loss of revenue which came after the cheque processing system was speeded up. The BPCE banking group was hit with the biggest fine, of 90.9 million euros, followed by Credit Agricole, which was fined 82 million euros. The other banks fined were Societe Generale, BNP Paribas, Credit Mutuel, Credit Industriel et Commercial (CIC), Credit du Nord, LCL, La Banque Postale, HSBC and the Bank of France, the central bank which supervises the lenders. AFP PHOTO / ETIENNE LAURENT
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Detalii fotografie |
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Paris, FRANCE |
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AFP / Mediafax Foto |
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| Fotograf: |
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ETIENNE LAURENT |
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| Data: |
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20 Septembrie 2010 |
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| Dimensiuni: |
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2166 x 3112 (1.28 MB) |
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