Tweet
Player
Banking in Scotland
Witnesses
Starts 2.30 pm
Re: OFT v Banks Judgment 25th November 2009 - 9.45am- Supreme Court - Test case
----- Original Message -----
From: EXC
To: scotaffcom@parliament.uk
Sent: Friday, December 04, 2009 3:25 PM
Subject: Banking In Scotland 9 December
Dear Sir
Re the forthcoming House of Commons Scottish Affairs Committee - Oral Evidence Session 'Banking In Scotland' 9 December 2009.
During a previous Banking In Scotland session your committee held in March 2009, your witness Mr Archie Kane in answer to question 366, stated that ''The banking industry has generally come to an agreement that they will charge certain amounts for an overdraft letter''.
Surely this is an unambiguous admission that the banks operate as a cartel to maintain the price of their overdraft services throughout the industry. This is certainly the view of Lord Falconer who stated last week on BBC Question Time that banks do indeed operate as a cartel in imposing these charges.
http://www.bbc.co.uk/programmes/b00p36jw#p005c7vc Chapter 4.
I would be grateful if your committee would take the opportunity of following up on his answer and asking how exactly this industry ''agreement'' operates.
Kind regards
EXC
----- Original Message -----
From: Scottish Affairs Committee
To: EXC
Sent: Monday, December 07, 2009 9:43 AM
Subject: RE: Banking In Scotland 9 December
Banking in Scotland
Witnesses
- Archie Kane, Group Executive Director, Insurance, Lloyds Banking Group
Starts 2.30 pm
Originally posted by EXC
----- Original Message -----
From: EXC
To: scotaffcom@parliament.uk
Sent: Friday, December 04, 2009 3:25 PM
Subject: Banking In Scotland 9 December
Dear Sir
Re the forthcoming House of Commons Scottish Affairs Committee - Oral Evidence Session 'Banking In Scotland' 9 December 2009.
During a previous Banking In Scotland session your committee held in March 2009, your witness Mr Archie Kane in answer to question 366, stated that ''The banking industry has generally come to an agreement that they will charge certain amounts for an overdraft letter''.
Surely this is an unambiguous admission that the banks operate as a cartel to maintain the price of their overdraft services throughout the industry. This is certainly the view of Lord Falconer who stated last week on BBC Question Time that banks do indeed operate as a cartel in imposing these charges.
http://www.bbc.co.uk/programmes/b00p36jw#p005c7vc Chapter 4.
I would be grateful if your committee would take the opportunity of following up on his answer and asking how exactly this industry ''agreement'' operates.
Kind regards
EXC
----- Original Message -----
From: Scottish Affairs Committee
To: EXC
Sent: Monday, December 07, 2009 9:43 AM
Subject: RE: Banking In Scotland 9 December
Dear Nick,
Thank you for sending this through to us. We will circulate this to Committee Members this afternoon so they will have time to consider your suggestions prior to the meeting with Mr Kane on Wednesday.
Best wishes
Briony Potts
Committee Assistant
Scottish Affairs Committee
House of Commons
020 7219 6123
www.parliament.uk/scotaffcom
Committee Assistant
Scottish Affairs Committee
House of Commons
020 7219 6123
www.parliament.uk/scotaffcom
Comment