This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

UK banks are ‘failing on social duty’ with low deposit-account interest rates, lawmakers say

By Fiona Maxwell ( July 3, 2023, 09:43 GMT | Insight) -- British lawmakers today stepped up a longstanding campaign of questioning the biggest banks on why they offer such low rates on their easy-access savings accounts, despite the Bank of England's base rate being at 5.0 percent amid a continuing period of high inflation.The UK's biggest banks have been accused again of failing to do the right thing by maintaining low interest rates on their customer savings accounts while borrowing rates are rising sharply....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections