The
United Kingdom’s big high street banks could relinquish ownership of
the company which administers Britain’s payments infrastructure amid
mounting political pressure for them to cede control of the business.
Sky News has learnt that Andrea Leadsom,
the City Minister, and Mark Garnier, an influential member of the
Treasury Select Committee, recently met bank executives and the boss of
Vocalink to discuss the company’s future ahead of the launch of the
independent payments industry regulator next spring.
People close to the major retail lenders
said that Vocalink’s board had appointed Lazard, the investment bank,
to advise on raising capital to expand the payments company’s
activities.
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