British bank competition plan falls short of challenger hopes

By Andrew MacAskill and Huw Jones LONDON (Reuters) - Long-awaited measures to break the market dominance of Britain's biggest banks, including a cap on fees for unauthorised overdrafts, were criticised on Tuesday by consumer groups as insufficient to boost competition. The Competition and Markets Authority's recommendations, following a near three-year, 5 million pound probe into high street banking, shied away from radical measures like breaking up lenders or ending free in-credit banking.Regul