U.K. Banks Dodge Breakup as CMA Demands More Disclosure

Updated on
  • Regulator issues provisional findings following investigation
  • `Banks will feel relieved' CMA rejected stronger remedies

The regulator stopped short of requesting substantial restructuring of the banks and the end of free checking accounts.

Photographer: Simon Dawson/Bloomberg

The U.K.’s competition watchdog ruled out breaking up retail banks or ending free checking accounts after an investigation into the industry that took more than a year.

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