RBS fined £29 million for sharing pricing information

RBS has agreed to pay the UK Office of Fair Trading (OFT) £28.59 million to settle allegations it shared pricing information on future lending packages with rival bank Barclays.

RBS admitted that individuals within its professional practices coverage team broke UK competition laws between October 2007 and February or March 2008. The OFT says there is evidence Barclays had also broken the rules.

"This is a deeply regrettable and isolated case from almost two years ago, involving only two members

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: