Preliminary outcome of study into dominance of Britain’s big four banks delayed by a month until October

The Competition and Markets Authority has backtracked on its pledge to publish the provisional findings of its investigation into the banking sector this month.

The competition watchdog has now set October as the month it will publish highly anticipated findings that could recommend breaking up of the dominant “big four” of Lloyds Banking Group, Royal Bank of Scotland, HSBC and Barclays, if the CMA concludes there is not enough competition in the sector.

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Source: The Guardian Circular Economy RSS