Two of the UK’s clearing banks were raided by the Office of Fair Trading
regarding possible price fixing on loans to professional services firms.
The watchdog confirmed it had visited the offices of Barclays and the Royal
Bank of Scotland as part of its investigation.
‘The OFT will not be in a position to conclude whether the law has in fact
been infringed until it has completed its investigation and assessed the
available evidence,’ it said in a statement.
The investigation was triggered after Barclays contacted the OFT in March
about its professional service team being ‘approached from outside in an
A Royal Bank of Scotland spokesperson said: ‘We are, as always, co-operating
fully with the Regulatory authorities and it would therefore be inappropriate to
The London School of Business & Finance has become the official provider of ACCA tuition materials for the PwC CEE Academy
Leonard Curtis Business Solutions Group has opened a new office in Glasgow – the first Scottish office for the professional services provider
The average cost of fraud increased 35.4% to £3.9m in 2016, compared to 2015 data
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017