Standard Bank, Barclays Africa Echo FirstRand to Back Gordhan:
Standard Bank Group Ltd., Africa's biggest lender by assets, and Barclays Africa Group Ltd. said they agreed with South African Finance Minister Pravin Gordhan that he couldn't interfere when the country's banks closed accounts linked to the Gupta family. “The government is not by law empowered or obliged to intervene in the relationship between a bank and its customers,” Johannesburg-based Standard Bank said in an e-mailed response to questions on Friday.
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