Banks could face competition probe if they do not improve service, OFT warns

Banks The UK's 'big four' lending banks could face a referral to the Competition Commission (CC) and potential break-up if they do not change their approach to consumer banking, the head of regulator the Office of Fair Trading (OFT) has warned. 20 Feb 2012

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Treasury files second legal challenge to ECB clearing house location policy

Banks The Treasury has filed a second legal challenge to a new European Central Bank (ECB) policy that would force clearing houses dealing with large euro-based transactions to move within the eurozone, it has confirmed. 17 Feb 2012

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New Business Finance Partnership scheme for SMEs will replace Project Merlin commitments, reports say

Banks A new Government-backed scheme to lend to small and medium-sized businesses (SMEs) will be a more effective way of ensuring capital makes its way into the economy than bank lending targets, an expert has said. 15 Feb 2012

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£50bn quantitative easing increase will impact on pension schemes, experts warn

The Bank of England's announcement that it will increase its quantitative easing (QE) programme by £50 billion over the next three months is likely to adversely affect the value of pension scheme investments, experts have warned. 14 Feb 2012

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