Economics

Bankers Vent Anger Over New Competition Investigation

Bankers vent anger over new competition investigation

The City reacted with fury yesterday after the Financial Conduct Authority (FCA) launched a competition inquiry into investment and corporate banking. Bankers described the prospect of another regulatory shake-up as “overkill”, complaining that the sector is already grappling with a plethora of reforms and arguing that there are few more competitive people than investment bankers. The…

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