Case reference: CE/8950/08
Start date: April 2008
Final decision: January 2011
The OFT has completed its investigation into the provision of loan products to professional services firms.
On 20 January 2011 the OFT issued a decision that Royal Bank of Scotland (RBS) and Barclays engaged in anti-competitive practices in breach of the Chapter I prohibition of the Competition Act 1998 and/or Article 101 of the TFEU in relation to the pricing of loan products to large professional services firms. The OFT has imposed a fine of £28.59 million on RBS. Barclays brought the matter to the OFT's attention and, under the OFT's leniency policy, has not been fined.
Louise Shaw (020 7211 8836, louise.shaw@oft.gsi.gov.uk)
Stephen Blake (020 7211 8469, stephen.blake@oft.gsi.gov.uk)
Ali Nikpay (020 7211 8745, ali.nikpay@oft.gsi.gov.uk)
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