Two of the U.K.'s leading law firm lenders are under investigation after the Office of Fair Trading confirmed that both Barclays and Royal Bank of Scotland are the subjects of a price fixing investigation looking at professional services loans. The OFT has already raided the offices of the two banks, which between them are the two largest lenders to legal and accounting firms. The investigation was sparked by Barclays, which initially approached the watchdog to notify it of the irregularities.
June 04, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Two of the U.K.’s leading law firm lenders are under investigation after the Office of Fair Trading confirmed that both Barclays and Royal Bank of Scotland (RBS) are the subjects of a price fixing investigation looking at professional services loans.
The OFT has already raided the offices of the two banks, which between them are the two largest lenders to legal and accounting firms.
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