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Four UK high street banks rapped for breaking rules on customer information

HSBC bank
This is the second time HSBC has been rebuked over customer information. Photo: Matt Cardy/Getty Images

Competition regulator issues formal warning to quartet and sets detailed directions for repeat offender HSBC to comply with.

Four UK high street banks have been reprimanded by the competition regulator after breaking rules on providing customers with information about their services.

HSBC, Lloyds, TSB and Allied Irish Bank (AIB) all received letters from the Competition and Markets Authority (CMA) telling them they were in breach of the Retail