Page 297 - Bank Case Studies

Diagram 1. Ref (12, 13)

The four largest banks — HSBC, Barclays, RBS and Lloyds

Banking Group — control about 80 per cent of the business

current account market. (14)

The £45bn bailout of RBS by the UK Government was

considered State Aid by the EC. To ensure that RBS did not

gain an unfair advantage over other banks, it had to take

measures to reduce its size and market share. To this end

the EC required RBS to sell off five parts of the business,

four of which it achieved.