The British Bankers’ Association is facing a backlash from its members over fees and strategy, according to reports.
Sky News reports senior bankers are alarmed at fee hikes for major high-street lenders and some have concerns over new chief executive Anthony Browne’s three-year strategy.
A BBA document aims to get banking “out of the political debate” but some members say this is unrealistic.
The report suggests some members have expressed concern about the undue influence exercised by Barclays. Former BBA chairman Marcus Agius also chaired Barclays until he stood down from both roles in July.
Earlier this month the BBA revealed it had considered merging with another trade body, such as the Council of Mortgage Lenders, after it lost the role as administrator of Libor.