RBS & Lloyds

These banks will be forced to sell of branches and entire brands – all RBS not in Scotland and Cheltenham & Gloucester, for example.

Will this effect mortgage customers? Eventually, it may well do so, but these plans are 4-5 years in the future. At that point they may well be a fairly easy and cheap entry point to the market for new entrants – perhaps Tesco, Virgin or foreign banks.

Extra competition should in theory lead to better deals for everybody, but only time will tell.

This entry was posted on Tuesday, November 3rd, 2009 at 9:40 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.