South Korea's Fair Trade Commission (FTC) has begun an investigation into alleged rate rigging.rnThe FTC will investigate whether some South Korean banks colluded over the setting of interest rates for certificates of deposit, which are used as a benchmark for a number of lending rates, such as mortgages. A number of brokerage firms had been investigated, but the FTC's probe has now widened to the banks, including four major banks.
展开▼
