NAB national australia bank limited

News: NAB ACCC Commences Inquiry Into Foreign Exchange

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    Oct 2 (Reuters) - Australian Competition and Consumer Commission:

    • COMMENCES INQUIRY INTO FOREIGN EXCHANGE
    • EXPECTED TO PROVIDE FINAL REPORT TO TREASURER IN MAY 2019
    • WILL EXAMINE PRICE COMPETITION AMONG SUPPLIERS OF FOREIGN CURRENCY CONVERSION SERVICES & HOW EASILY POTENTIAL ENTRANTS TO MARKET CAN COMPETE
    • “WE WILL BE EXAMINING WHY MAJOR COMPANIES IN AUSTRALIA, INCLUDING THE BIG FOUR BANKS, SEEM TO BE ABLE TO CONSISTENTLY CHARGE HIGH PRICES”

    Source text : (http//bit.ly/2IvfIPH)

    (([email protected];))

 
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