Breaking up banks won’t aid competition, warns Daniels
Lloyds Banking Group chief executive Eric Daniels warned that breaking up banks would not improve competition as he highlighted the importance of the Bank of Scotland brand north of the Border.
Meanwhile, his retail banking chief Helen Weir was lambasted by MPs for admitting she does not know how much her current account costs her, although she said the typical customer pays the equivalent of a cup of coffee a week in charges and foregone interest.
