Jan 14, 2016
UK small business euro transfers cost 4 billion pounds a year - study
#y7-reuters-yahoopartner
LONDON (Reuters) - Small businesses in Britain that trade with the euro zone spend nearly 4 billion pounds a year transferring money abroad, partly because a lack of transparency makes it tough for them to get the best deal from banks, a study showed on Tuesday.
Britain has been trying to increase competition in banking and reduce the dominance of its major banks, which include Lloyds Banking Group , Royal Bank of Scotland , Barclays and HSBC .
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