Regulators have ordered a full market inquiry into banks over fears the dominance of the largest lenders is stifling competition.
The Competition and Markets Authority (CMA) said its investigation would scrutinise the personal current account and small business retail banking sectors.
Sky News reported on Tuesday night how major banks had called off their efforts to stall the inquiry.
The UK's four largest banks, Lloyds, RBS, Barclays, and HSBC collectively supply 77% of personal current accounts in the UK - a market worth £8bn.
The 'Big Four' also control about 85% of all small and medium-sized business accounts, an industry worth another £2bn.
The CMA said there has been "very little movement" in their collective market share as the level of customers shopping around and switching current accounts is "low".
It blamed limited transparency in the sector.
More follows...
Anda sedang membaca artikel tentang
Banking Industry Competition Probe Ordered
Dengan url
http://raskindollar.blogspot.com/2014/11/banking-industry-competition-probe.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Banking Industry Competition Probe Ordered
namun jangan lupa untuk meletakkan link
Banking Industry Competition Probe Ordered
sebagai sumbernya
0 komentar:
Posting Komentar