Saturday, November 7, 2009

OFT asked the status of the Scottish Bank View


Asked the Office of Fair Trading (OFT) to carry out a review in the area of Scotland Business Banking.

Scottish MPs urge the Office of Fair Trading (OFT) to take measures to secure the future of the banking system to take place in the country.

With around three quarters of small and medium-sized businesses in the bank accounts of non-entrepreneurs with the Lloyds Bank Group and the Royal Bank of Scotland Members have concerns that these organizations have difficulty in accessing financial resources expressed.

In addition, Holyrood's economy committee feared the competition in this sector have been expressing increasing concern with two directors of the OFT as part of an investigation of the banking sector.

But despite Mr Mandelson asked last year, the OFT Scottish merchant bank to keep into consideration, the Board has no reference to the studies on the region's markets.

Laboratory MSP Wendy Alexander says: "This puzzle is of small businesses in Scotland, observed that there was absolutely no work whatsoever being made to the competition."

These comments came as the Federation of Small Businesses said in September that small banks and post offices should be encouraged to enter the market for small businesses in Scotland.

Among the accounts will be offered for companies that Abbey NatWest business and Company.

Meanwhile, claimed a recent article in the Financial Times Santander would be able to a number of companies focused on buying offices by RBS and Lloyds Bank Group to be sold.

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