Violation Tracker UK Individual Case

Company: AIB Group (UK) plc dba First Trust Bank
Current Parent Company: Allied Irish Banks
Penalty: £0
Year: 2014
Date: 22 October, 2014
Offence Group: financial offences
Offence Type: banking violation
Violation Description: The CMA issued legally binding directions to First Trust and HSBC to cease breaching undertakings agreed to in 2002 by requiring businesses to hold current accounts at the banks before they were able to access other products.
Action Type: agency action
Agency: Competition and Markets Authority
HQ Country of Parent: Ireland
Ownership Structure of Parent: government-owned
Major Industry of Parent: financial services
Specific Industry of Parent: banking
Source of Data: (click here)