HSBC breaches competition rules after admitting bundling tactics
More than 200 of HSBC’s small company customers were wrongly told they had to take out a business current account to be able to access a loan, the UK competition watchdog has revealed. The Competition and Markets Authority (CMA) found that HSBC breached banking rules over a nine-year period by telling small firms it was a lending requirement to have a business current account. The move – dubbed “bundling” – […]