Summary
WHAT an unprecedented display of unity. Britain's big banks, the Office of Fair Trading and the Financial Services Authority are jointly taking a test case on current account charges to the High Court. This is an attempt to determine once and for all what would be a fair price to charge for unauthorised overdrafts.
The harmony will end there. It looks set to be a two-year battle, exposing some of the less desirable practices of our high street lenders, that may well descend into mudslinging all round.See the full content of this document
Extract
Banks Forced Into the Open ; Comment
Never before have the banks teamed up for the joys of a public court hearing. The only reason they are prepared to do so now is because of the worry they will have to pay out billions between them.
Since th...See the full content of this document
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