Almost 1m UK bank customers will be forced to use new sort codes

Bank of England reveals estimated number affected as banks implement Vickers rules on ringfencing high street operationsAlmost 1 million UK bank customers will be forced to have to use new six-digit sort codes as the high street lenders implement rules intended to make the financial system safer, a Bank of England official has said.James Proudman, a senior regulator in Threadneedle Street, said the estimate from high street banks included retail and corporate customers. Continue reading...