July 4, 2019 / 11:59 AM / 3 months ago

UK's competition watchdog raps Barclays over SME banking practices

July 4 (Reuters) - Britain’s competition watchdog said it had asked Barclays Plc to improve its practices after the bank broke rules designed to protect small businesses.

The Competition and Markets Authority (CMA) said bit.ly/2KWFXlZ the move comes after Barclays told the CMA that it had not complied with rules designed to make it easier for businesses to shop around and choose the best accounts for them, leading to higher costs. (Reporting by Noor Zainab Hussain in Bengaluru Editing by Rachel Armstrong)

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