Loan products to professional service firms: investigation into anti-competitive practices

Office of Fair Trading (OFT) closed Competition Act 1998 case.

Case reference: CE/8950/08

Summary of work

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.

Help us improve GOV.UK

Don’t include personal or financial information like your National Insurance number or credit card details.