Finance
UK Watchdog Calls Banks to Meeting as Pressure Rises on Savings
- Executives from UK lenders to meet with FCA on Thursday
- UK government under pressure to ease cost of living crisis
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The bosses of the biggest UK banks have been called to a meeting later this week with the Financial Conduct Authority over concerns their firms are being too slow to pass interest rate increases on to savers.
Top executives from lenders including Lloyds Banking Group Plc, HSBC Holdings Plc, Barclays Plc and NatWest Group Plc are expected to attend a meeting with the regulator on Thursday, according to a person familiar with the matter. The agenda will cover the market for easy-access cash savings and how banks communicate with their customers.