The antitrust office has dropped its investigation of three major Czech banks over alleged collusion in setting fees

The antitrust office has dropped an investigation of three major Czech banks over alleged collusion in setting customer service fees. The office said it had found insufficient evidence to make a case against the banks -- Ceska Sporitelna, CSOB, and Komercni Banka - but claimed to have proof that CSOB had made a concrete offer to set at least one rate with another bank. All three banks deny any wrongdoing.

Author: Brian Kenety