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The âÂÂBig Fourâ High Street banks â Lloyds Banking Group, Royal Bank of Scotland, Barclays and HSBC â retain control over the market, holding a near 75 per cent share of all current ÃÂaccounts, according to figures from the Office of Fair Trading. â¨Michael Ossei, personal finance expert at uSwitch.com, warned that financial incentives were not necessarily the best way for banks to attract customers in the post-banking crisis world, when consumer confidence in major institutions has been shaken.
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