Millions may move their bank accounts

MILLIONS of disgruntled customers could switch their accounts in the coming weeks and months following the recent spate of banking scandals, according to new research.

Building societies and comparison websites have reported large upswings in activity as competition mounts to attract consumers in the wake of the IT meltdown at NatWest and RBS and Barclays' Libor-fixing scandal.

Almost one-fifth (18.4%) of people surveyed by comparison website MoneySupermarket said they had lost trust in their bank completely and planned to move their money somewhere else.

Please enable cookies in your browser to display the rest of this article.