Financial Regulatory Forum

COLUMN: EU tilt at UK small-business loan market a tall order: Alexander Smith

A customer uses a Royal Bank of Scotland (RBS) cash machine in Edinburgh, Scotland August 7, 2009.  Royal Bank of Scotland reported more losses on Friday as investment banking profits failed to offset bad debts and the state-owned lender warned of more "poor" results to come before its own and the economy's recovery.    REUTERS/David Moir    (BRITAIN BUSINESS BANKING)– Alexander Smith is a Reuters columnist. The opinions expressed are his own -

By Alexander Smith
LONDON, Oct 6 (Reuters) – If Brussels is really planning to force Royal Bank of Scotland  and Lloyds Banking Group to give up small business customers as part of the price for state aid they have received, it will be trying to break a cartel which has persisted despite the best efforts of the British government.

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EU to review bonuses at state-aided banks – competition regulator

European Commissioner for Competition Neelie Kroes speaks during a news conference at the European Commission headquarters in Brussels July 8,2009. BRUSSELS, Sept 11 (Reuters) – European Union competition regulators are set to take a closer look at bonuses at state-aided banks, the EU’s antitrust chief said on Friday.
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UK consumer watchdog says will keep banks competitive

LONDON, July 29 (Reuters) – Britain’s consumer watchdog vowed on Wednesday to ensure the government did not harm long-term banking competition in its efforts to shore up financial markets and sell state-owned bank assets.

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