Chief executive says high level of consumer debt is factor in decision despite bank’s shrinking share of marketRoyal Bank of Scotland has postponed plans to introduce a cut-price credit card amid concerns about the £200bn of lending amassed by UK households.The 70%-taxpayer owned bank has decided against launching a more competitive credit card, at a time when the consumer credit market – personal loans, credit cards and car finance – is facing scrutiny from the Bank of England. Continue reading…
Source : theguardian.com
Read more…Royal Bank of Scotland delays introduction of low-rate credit card















