Review by Competition and Markets Authority may demand structural changes to big four to allow smaller banks to competeBritain’s big banks will find out whether they possess escaped the threat of being broken up when the Competition and Markets Authority (CMA) presents its findings on the industry following an 18 month investigation.
The review by the competition watchdog was launched in July 2013 and has looked at the £10bn a year personal current account and small commerce banking markets. These areas are dominated by the big four of Lloyds Banking Group,Royal Bank of Scotland, HSBC and Barclays.
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Source: theguardian.com