NI banks to be forced into competitive change

In an apparent culmination of an issue that’s been ongoing for some time, the big four banks in Northern Ireland are to face a probe by the Competition Commission. This is not a trivial action. Eleanor Gill, chief executive of the Consumer Council: “A referral to the Competition Commission is the most serious action that the OFT can take against the banks. Clearly unwilling to change voluntarily, the big four will now be forced to change.” Thanks to Tim for the heads up!