Author: Carl Packman

Carl Packman, Author at NewStart

Carl Packman

With full disclosure banking could be a race to the top

Reforms to make banking competition work for consumers have reached an impasse. Do nothing and we can expect nothing to result, but even with Project Merlin – which was established by the four major UK banks (HSBC, Barclays, Royal Bank of Scotland and Lloyds Banking Group) and hopes to improve stability and competition between banks – lending fell for Britain’s top banks in every quarter a year after its implementation.

Pin It on Pinterest