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The bosses of the country's four main lenders have been summoned to a meeting with the financial watchdog as they face pressure to raise "measly" easy access savings rates.
The Financial Conduct Authority (FCA) expects chief executives from HSBC, NatWest, Lloyds, and Barclays to attend on Thursday amid allegations of "blatant profiteering".
Dame Angela Eagle, the Labour MP, today insisted that banks are not treating Britons "fairly" by failing to increase the savings rate at a fast pace.
Politics latest: https://news.sky.com/story/politics-latest-chancellor-to-meet-regulators-in-bid-to-tackle-cost-of-living-another-minister-pauses-support-for-korski-12593360
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The Financial Conduct Authority (FCA) expects chief executives from HSBC, NatWest, Lloyds, and Barclays to attend on Thursday amid allegations of "blatant profiteering".
Dame Angela Eagle, the Labour MP, today insisted that banks are not treating Britons "fairly" by failing to increase the savings rate at a fast pace.
Politics latest: https://news.sky.com/story/politics-latest-chancellor-to-meet-regulators-in-bid-to-tackle-cost-of-living-another-minister-pauses-support-for-korski-12593360
#banks #interestrates2023 #skynews
SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews
Follow us on Twitter: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews
Follow us on TikTok: https://www.tiktok.com/@skynews
For more content go to http://news.sky.com and download our apps:
Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8
Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB
Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/
Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog
Sky News videos are also available in German here/Hier können Sie außerdem Sky News-Videos auf Deutsch finden: https://www.youtube.com/channel/UCHYg31l2xrF-Bj859nsOfnA
To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales
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- cost of living, financial conduct authority, cost of living crisis
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