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Eurex Exchange & MNI

June 7, 2019

UK Sparks: FCA Targets Bank Overdrafts; Ferrexpo Sees Higher Earnings

British banks and building societies will be forced to change their fee structures for overdrafts after the Financial Conduct Authority found the lucrative market to be “dysfunctional.” The UK regulator says that its overhauling the overdrafts markets to make it simpler and fairer for consumers.

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