Bank offices raided in probe
THE offices of the Royal Bank of Scotland have been raided as part of a competition probe by the UK's trading watchdog.
The Office of Fair Trading (OFT) yesterday confirmed it had launched an investigation into "alleged anti-competitive conduct" by both Barclays and RBS and had raided two premises.
It was reported that the raids took place at the head offices of the two firms in Edinburgh and London, but a spokeswoman for the OFT would not confirm the locations.
The watchdog said the probe had a "narrow focus", relating to the provision of loan products to professional services firms.
Barclays said it contacted the OFT after it became aware that staff had "been approached from outside Barclays in a manner we regarded as inappropriate".
An RBS spokesman said: "We are, as always, co-operating fully with the regulatory authorities."
Email to a friend
Print this page- Scottish independence: David Cameron set to snub Alex Salmond’s separation talks bid
- Six Nations: Wales 27-13 Scotland: Second-half scoring blitz stuns Scots
- Six Nations: Steadman given notice as ruthless Robinson seeks to strengthen team
- Baftas: The Artist wins big as Meryl Streep wins best actress
- Fathers of Scots children murdered in Dunblane tragedy in plea to David Cameron over arms treaty
- Scottish independence: David Cameron set to snub Alex Salmond’s separation talks bid
- Jim Murphy warns that independence could cost ‘thousands’ of defence jobs
- Kilmarnock 1 - 1 Hearts: Suso equaliser and Sergio snub ensure a sour end for Shiels
- The Rumour Mill: Monday’s football news and gossip
- Six Nations: Wales 27-13 Scotland: Second-half scoring blitz stuns Scots
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Edinburgh
Monday 13 February 2012
Today
Cloudy
Temperature: 3 C to 10 C
Wind Speed: 17 mph
Wind direction: North west
Tomorrow
Cloudy
Temperature: 6 C to 9 C
Wind Speed: 21 mph
Wind direction: West
