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UK competition body decides against end to "free" banking

Thu, 22nd Oct 2015 06:12

LONDON, Oct 22 (Reuters) - Britain's competition watchdoghas decided against recommending an end to "free" in-creditbanking or forcing the break-up of big banks to improvecompetition in UK banking sector, but has recommended measuresto aid easier comparison of accounts.

The Competition & Markets Authority said on Thursday thatbanks must address long-term problems and make it easier forcustomers to take charge of their accounts.

(Reporting by Matt Scuffham, editing by Sinead Cruise)

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