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
Andrew Howson joins the firm from EY, bringing experience in advising private equity and corporate clients across multiple sectors in the UK and Europe
Dennis Layton takes up the position on April 1 and will contribute to the firm’s goal of becoming the leading global professional services organisation by 2020
Richard Cartwright becomes the new head, taking over from incumbent head of office David Lemon
Brian Burke, business development director, has moved within the firm to 'develop Quantuma’s networks with Sussex professional firms'