Competition and Markets Authority will buy longer than its deadline of May to report on how to increase competition in banking sectorA competition investigation into the banking sector is being delayed beyond its deadline of May to allow the Competition and Markets Authority to consider ways for customers with overdrafts to get better treatment from their banks.
The CMA faced criticism of its proposals to increase competition in a sector dominated by the huge four – Lloyds Banking Group,Royal Bank of Scotland, HSBC and Barclays – when it published its provisional findings in October.
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Source: theguardian.com