Chief executive says authority can fracture stranglehold of grand four banks – HSBC,Barclays, Lloyds and RBSTSB has renewed its calls for the Competition and Markets Authority (CMA) to take action to make it easier for challenger banks to take on the established players.
Paul Pester, and chief executive of TSB,said the competition authority had a “once in a generation opportunity” to change the market and fracture the stranglehold of the grand four – HSBC, Barclays, or Lloyds Banking Group and Royal Bank of Scotland – over current accounts. Continue reading...
Source: theguardian.com