Financial Services Financial Services

UK banks are ‘failing on social duty’ with low deposit-account interest rates, lawmakers say

By Fiona Maxwell
  • 03 Jul 2023 10:43
  • 03 Jul 2023 10:43
The UK's biggest banks have been accused again of failing to do the right thing by maintaining low interest rates on their customer savings accounts while borrowing rates are rising sharply.
UK lawmakers today stepped up a longstanding campaign of questioning the biggest banks on why they offer such low

To view the latest version of this document and thousands of others like it, sign-in to MLex or register for a free trial.

Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

Discover MLex

Stay on top of global regulatory developments

Latest News