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Put Thames Water into temporary state control, ‘junior’ creditors will argue
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£5bn rescue plan would set ‘troubling precedent’, bondholders who face
losing all of their money will say
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Nils Pratley: Thames Water’s credi...
12 minutes ago
It has submitted a super-complaint to the Office of Fair Trading (OFT).
ReplyDeleteBut the banking industry said it was disappointed that Consumer Focus took such a step before talking to banks.
Losses
The watchdog's complaint claimed that converting £500 into euros could cost between £10 and £30, even though the service provided was essentially the same.
It has also raised questions about charges when using credit or debit cards overseas.