FCA wants more competition among banks, market listing process

Investment banks should do more to encourage competition and fairer treatment of customers, Britain's financial watchdog said, proposing changes to help firms to make informed choices about the banks they use. In an interim market study published on Wednesday, the Financial Conduct Authority called for an end to certain contractual clauses that could limit clients' choice of financial services providers in future transactions, such as initial public offerings on the stock market. "These markets