Banks to use Libor parliamentary probe to push for end of free accounts

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Mail Online
By Gerri Peev
PUBLISHED:19:59 EST, 19 August 2012

Treasury Select Committee chairman Andrew Tyrie, who is heading the Commission, is a supporter of an end to free banking

Treasury Select Committee chairman Andrew Tyrie, who is heading the Commission, is a supporter of an end to free banking

Banks are plotting to use a parliamentary inquiry into their bad behaviour as a way of imposing account fees on customers.

MPs and peers on a commission set up to examine the recent Libor scandal will be approached by financial institutions this week which will argue in favour of introducing current account charges.


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