British Banks May Face Probe of Checking Accounts, Loans
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U.K. antitrust regulators said they may open an investigation into checking accounts and banking services for small- and medium-sized businesses.
The Competition and Markets Authority will issue a decision on starting a full probe into banking for small firms and current account services tomorrow, the London-based agency said in an e-mail. It said in July that it was considering an investigation because consumers lack effective options.