Watchdog must try harder on business banking

Instead of endorsing the status quo, the CMA should back bold measures to beef up competition in the market When the Competition and Markets Authority (CMA) launched its inquiry into the retail banking sector, a lot of attention was drawn towards the relationship between individual consumers and banks. Free banking, seven-day switching, and new banks all came under the public gaze. At the same time, though, the CMA was also looking carefully at business banking. Given the concentrated, static bu...