Hackers blow whistle on banks

[SealLion]

Hackers have blown the whistle on banking fees - in a report banks hoped to keep buried.

The Competition Commission, the authors of the 590-page report, had originally blacked out certain sections, which banks claimed were confidential.

The commission has now opened a criminal case against Wikileaks, a website dedicated to exposing "unethical behaviour in governments or institutions".

The Technical Report of the Banking Enquiry, concluded in June last year, was the result of a 22-month inquiry into South African banking, particularly the big four: Absa, Standard Bank, Nedbank and FNB.

An intergovernmental task team is expected to be formed soon to look at recommendations by the Competition Commission to reform South African banks.

"This report is important as it might explain why banking fees are so extremely high," explained Wikileaks on its website.

Banking fees are astronomically high globally.

Somebody's getting milked.

here's the link:

http://wikileaks.org/wiki/Hackers_blow_whistle_on_banks