The office of fair trading has launched an investigation into the alleged price fixing of the commercial banking units of both the Royal Bank of Scotland and Barclays.
The investigation will probe into the alleged anti-competitive strategies of the two banks primarily in loans to the professional services sectors.
Moody’s research, the credit ratings expert announced last week that UK’s banks could cope with 20% drop in prices house prices without denting their capital reserves. However we are seeing rights issues being called by major lenders and product withdrawal daily, in the wake of the credit crunch it would appear that banks need to start treating customers and intermediaries fairly.
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