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The Independent UK

Business

Sam Blewett

Bankers summoned to watchdog as savings rates trail mortgage costs

Barclays HSBC Lloyds NatWest the Financial Conduct Authority Dame Angela Eagle

PA Wire

Top bankers have been summoned to a meeting with the financial watchdog to discuss concerns surrounding interest rates for savers lagging behind the cost of mortgages.

The Financial Conduct Authority (FCA) expects chief executives from HSBC, NatWest, Lloyds and Barclays to attend on Thursday amid allegations of “blatant profiteering”.

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