Banks come under fire - papers 13 Oct

The criticism came from the Competition Commission in a scathing report on the way banks in Northern Ireland treated customers. It said competition for personal current accounts was restricted by complex charging structures and a reluctance among customers to shop around. Even the commission inquiry team members, headed by Christopher Clarke, chairman, confessed they had been baffled. The paper reports Clarke as saying: "It took us many months to understand what the charges are and how they are applied." He complained changes introduced during the inquiry by three of the four cl...