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Uk Banks To Face Competition Inquiry

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A full competition inquiry into retail and business banking services has been launched by the UK's Competition and Markets Authority (CMA).

The probe, first proposed in July, will investigate the difficulties customers face in switching banks, and the lack of smaller competitors to the "big four" High Street names.

It will also look at lending to small and medium-sized businesses.

Well the lack of competitors to the big four was because several banks went bankrupt and turd boy decided to make Lloyds bigger by marrying it to HBoS. How much of an inquiry does that take?

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